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.
Treasury 10-year note yields reached 2 percent for the first time in two weeks before today’s $24 billion auction of the securities.
Treasuries rose, with 10-year note yields touching a 10-week low, as President Barack Obama held a preliminary debt-reduction meeting with lawmakers, who called the session “constructive.”
"You're widening your spreads out and you invoke more of a premium in this situation."
- Sean Murphy on Oct 26, 2014