Treasury 10-year notes rose as the highest yields since March bolstered demand while investors debated whether the economy is strengthening enough for the Federal Reserve to consider slowing stimulus measures.
Treasury 10-year notes pared a weekly loss as the highest yields since March bolstered demand as investors debated whether the economy is strengthening enough for the Federal Reserve to consider slowing stimulus measures.
Spanish and Italian bonds led losses among the securities of Europe’s so-called peripheral nations as China’s manufacturing and euro-area services and factory output all contracted, sapping demand for higher-yielding assets.
Portugal’s notes led gains in the euro area’s so-called periphery as the nation’s first sale of 10-year bonds since its bailout in 2011 attracted demand for more than three times the amount being raised.
German bunds rose, with two-year yields dropping below zero, after Bundesbank President Jens Weidmann was reported by Dow Jones as saying the European Central Bank may cut interest rates if data warrants.
German bunds fell, extending their biggest weekly drop since November, amid a global selloff in government bonds spurred by bets U.S. economic growth is gathering pace and the European debt crisis is abating.