(Bloomberg) -- U.S. Treasuries gained before a $5 billion auction of 30-year bonds amid signs the economy may be slowing and inflation moderating.
The 30-year security rose after declining the most in almost two weeks yesterday when Federal Reserve policy makers held borrowing costs at 5.25 percent and said inflation remains their ``predominant policy concern.'' Longer-maturity bonds are more sensitive to inflation concerns than shorter-dated notes.
Read more at Bloomberg Bonds News
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