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Treasury yields log largest weekly decline in 2 months
Treasury yields on Friday logged their largest weekly fall in two months, as shaky U.S. manufacturing data contributed to a government-bond rally. Yields on U.S. government bonds began their descent earlier in the week after Federal Reserve officials left interest rates unchanged, supporting buying appetite. On Friday, yields gained some ground after Boston Fed President Eric Rosengren said he had wanted to raise interest rates this week to help prolong the economic expansion, explaining why he was one of three dissenters from the Fed policy-committee decision to hold rates steady. But yields fell amid data showing ... (full story)