Treasuries in Biggest Weekly Gain in a Month Amid Global Turmoil
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Treasury 10-year notes rose the most this week in almost a month as turmoil in the Middle East and Ukraine fueled demand for the safety of U.S. government debt.
U.S. 10- and 30-year yields reached the lowest levels in more than a year following President Barack Obama’s decision to authorize U.S. air strikes in Iraq and as a truce in Gaza ended in violence. Government bonds pared weekly gains today amid signs Russia is trying to de-escalate tension in Ukraine.