The U.S. sale of $35 billion of five- year notes drew the lowest yield in six months as a European bond rally bolstered the attractiveness of U.S. government securities.
Bank of America Corp. hired Kevin Sherlock from Deutsche Bank AG to be co-head of leveraged finance capital markets.
Treasuries rose for the first time in four days on speculation a withdrawal of stimulus by the Federal Reserve may hurt weakening emerging economies, stoking demand for the safety of U.S. government debt.
"The Fed is moving toward an eventual rate hike, but we still have a lot of demand for Treasuries coming in from overseas given the global worries."
- Sean Murphy on Nov 12, 2014