Treasurys rise, pushing yields back toward lows
The price of 30-year Treasury bonds rose Wednesday, pushing yields back toward multi-month lows, as many bond investors question the economic recovery and say bond yields can stay down or move lower still.
US benchmark 10-year Treasury yields hit a more than three-month high on Wednesday after lawmakers approved a deal that prevented a round of automatic budget cuts and tax hikes that could have tipped the world's largest economy into recession.