(Bloomberg) -- U.S. Treasuries may rise for a third day on speculation inflation will slow, giving the Federal Reserve more scope to lower borrowing costs to boost the economy.
Yields on 10-year U.S. notes dropped by the most since March 13 yesterday as traders raised bets the Fed will cut its benchmark interest rate by its Aug. 7 meeting, after data showed consumer prices eased last month. Bonds prices had fallen last week after minutes from the central bank's March 21 meeting showed policy makers were more concerned about inflation than a moderation in growth.
Read more at Bloomberg Bonds News
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