Treasuries End Longest Losing Streak in 4 Years as Fed Bets Ebb
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Treasuries rose, breaking the longest streak of weekly losses since 2009, amid skepticism the Federal Reserve is about to slow its bond-buying program designed to hold down borrowing costs and spur the economy.
Ten-year note yields dropped for the first week since April after reaching a 14-month high as investors weighed whether the economy is strengthening enough for policy makers to consider reducing their quantitative-easing stimulus. The U.S. sold $66 billion in notes and bonds to below-average demand. Fed Chairman Ben S. Bernanke and the policy-setting Federal Open Market Committee meet June 18-19.