Longer-Term Treasuries Rise as Few View Is Unchanged

Longer-term Treasuries rose, pushing 10-and 30-year yields lower amid speculation an uptick in inflation and acceleration in the U.S. job market won’t be enough to pressure the Federal Reserve into raising rates soon.

The yield on the 30-year bond dropped for the first time in four days even as a report last week showed U.S. employers added more jobs in June than forecast and the unemployment rate dropped to an almost six-year low. The difference between the yields on five-year notes and 30-year bonds narrowed to 1.70 percentage points before the Fed releases minutes of its June meeting on July 9. The U.S. will sell $61 billion in notes and bonds this week.