Treasury 10-year note yields traded in the narrowest range in a month amid speculation whether Federal Reserve Chairman Janet Yellen will acknowledge that the recovery in the U.S. labor market is slowing.
Private equity lawyer William Kirsch joined Baker & McKenzie LLP’s Chicago office where he will head the firm’s North American private equity practice. Stacey Kern and Garry Jaunal, also private equity attorneys, have joined the firm, too, bolstering its domestic practice.
German government bonds rose for a third day as investors sought the safest assets as euro-region finance ministers gather to consider boosting the region’s rescue fund amid the risk of a Greek default.
Spanish government notes climbed, trimming seven days of losses, as the nation met its maximum target at a bill auction even after speculation the country will need a sovereign bailout pushed up borrowing costs.
German bonds rose, pushing the 10- year yield to a record low, as U.S. job growth stalled, fueling demand for the safest assets as signals mount that the world’s largest economy is headed toward recession.
Greek and Irish bonds led declines in the securities of the euro-area’s most indebted nations, while the cost of default insurance rose and German bunds rallied, on concern that the region’s fiscal crisis is deepening.