(Bloomberg) -- Treasury 10-year notes rose as a
government report showed a measure of inflation watched by the
Federal Reserve slowed in May as consumer spending increased
less than economists forecast.
Purchases by investors who habitually buy Treasuries on the
last business day of the quarter also pushed prices higher,
traders said. The 10-year note's yield has declined on the last
business day of June each of the past five years.
Read more at Bloomberg Bonds News
government report showed a measure of inflation watched by the
Federal Reserve slowed in May as consumer spending increased
less than economists forecast.
Purchases by investors who habitually buy Treasuries on the
last business day of the quarter also pushed prices higher,
traders said. The 10-year note's yield has declined on the last
business day of June each of the past five years.
Read more at Bloomberg Bonds News
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