(Bloomberg) -- U.S. Treasuries gained for a
second straight week, pushing the benchmark 10-year note's
yield to a three-week low before the release next week of
the first major economic reports for June.
The rally was fueled by a decline in the Federal
Reserve's preferred measure of inflation to a three-year
low and flight from riskier assets such as corporate and
emerging market bonds. Ten-year yields declined more than
shorter-maturity yields as the Fed kept the key short-term
rate unchanged at 5.25 percent and said it remained
vigilant against inflation.
Read more at Bloomberg Bonds News
second straight week, pushing the benchmark 10-year note's
yield to a three-week low before the release next week of
the first major economic reports for June.
The rally was fueled by a decline in the Federal
Reserve's preferred measure of inflation to a three-year
low and flight from riskier assets such as corporate and
emerging market bonds. Ten-year yields declined more than
shorter-maturity yields as the Fed kept the key short-term
rate unchanged at 5.25 percent and said it remained
vigilant against inflation.
Read more at Bloomberg Bonds News
