Treasuries Rise as Slide in US Stocks Fuels Demand for Havens
The US Treasury building in Washington, DC.
Photographer: Samuel Corum/BloombergThis article is for subscribers only.
Investors flocked to US government bonds Thursday as ebbing expectations for American economic growth weighed on stocks.
The rally averted a third straight daily loss that had appeared likely as 10- and 30-year yields reached their highest levels so far this month. Bond investors this week have mostly ignored US economic data showing slower inflation, viewing it as temporary because of the Trump administration’s trade policy.