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Safety Drives Treasury Sales Higher

“Treasuries rose, pushing 10-year note yields toward a four-month low, as a decline in stocks and commodities fueled demand for the safest assets.

Benchmark 10-year notes climbed for the fourth time in five days. Treasuries are outperforming U.S. stocks for the first time in five months on bets the Federal Reserve will maintain asset purchases and concern the global economy is slowing. New York Fed President William C. Dudley and his Chicago counterpart Charles Evans stressed the need for the central bank to maintain record stimulus yesterday. The U.S. will sell $18 billion of inflation-linked debt tomorrow….”

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