Treasury rally rolls on despite GDP upgrade

08/29/2014 | Bloomberg

News that U.S. second-quarter gross domestic product was higher than initially estimated wasn't enough to reverse a rally in Treasurys, as the 30-year yield reached a 15-month low. Concern about Russian intervention in Ukraine and an expectation that the European Central Bank will soon launch a bond-buying program drove demand for U.S. government debt as a safe-haven investment.

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