(Bloomberg) -- Yields on 10-year Treasuries fell to the lowest in six weeks before an auction today of the securities on speculation the Federal Reserve may emphasize slowing economic growth at its meeting tomorrow.
The return of Japanese and European investors from holidays and investors' need to reinvest coupon payments and cash from maturing notes led to increased demand as declining wage growth may indicate inflation is slowing. Bonds also gained as stock market indexes declined on concerns profits aren't climbing fast enough to sustain a five-week rally.
Read more at Bloomberg Bonds News
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