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.
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.
Bank of America Corp. hired Kevin Sherlock from Deutsche Bank AG to be co-head of leveraged finance capital markets.
"Guys are looking at lower yields for longer and removing a June tightening."
- Sean Murphy on Jan 09, 2015