(Bloomberg) -- Treasuries rose after a government
report showed the Federal Reserve's most closely watched measure
of inflation slowed in May and consumer spending increased less
than economists forecast.
U.S. government securities also got a boost from investors
who typically buy Treasuries at the end of the month to match
changes in benchmark indexes. 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
report showed the Federal Reserve's most closely watched measure
of inflation slowed in May and consumer spending increased less
than economists forecast.
U.S. government securities also got a boost from investors
who typically buy Treasuries at the end of the month to match
changes in benchmark indexes. 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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