As the Federal Reserve commenced its meeting despite blizzard, Treasuries climbed and are headed for its largest monthly increase since January 2015.
US government bonds returned to 1.6% on speculation the global financial market upheaval will prompt the central bank to express its willingness to wait before increasing interest rates again.
The benchmark 10-year note yield closed at 1.98%, down two basis points. The price of the 2.25% security, maturing in November 2025, settled at 102 3/8, up 6/32.
The material has been provided by InstaForex Company – www.instaforex.com