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Treasuries Gain as European Tensions Overshadow U.S. Data
Treasuries rose, pushing the 30-year bond yield to a 15-month low, as rising tension in Ukraine and speculation the European Central Bank will buy bonds overshadowed data showing the U.S. economy strengthened. A gauge of government bonds around the world approached a record high on speculation the ECB is preparing further action to spur a slumping economy. Ukraine said actions by Russia amount to an invasion. Treasuries rallied even as data showed the U.S. economy grew more than initially estimated in the second quarter. The U.S. sold $29 billion of seven-year notes at the lowest yield since May. “U.S. yields are ... (full story)