US Tsy’s Rally After Economic Data

Treasury 10-year notes rose, pushing yields to the lowest level since October, after consumer-price inflation in April met forecasts.

Shorter-term Treasuries fell, while 30-year bonds rose. A report showed claims for jobless benefits in the U.S. unexpectedly fell and a gauge of regional manufacturing increased more than forecast before Fed Chair Janet Yellen speaks today. She said last week the U.S. recovery is uneven and the economy still requires support. Data this month showed employment and manufacturing gains, while retail sales fell short of expectations.

Benchmark 10-year yields declined two basis points, or 0.02 percentage point, to 2.53 percent at 9:07 a.m. in New York, according to Bloomberg Bond Trader prices. They touched 2.51 percent, the lowest since Oct. 31.

Thirty-year bond yields fell four basis points to 3.34 percent.

Bloomberg

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