September 23, 2016
Longer-dated Treasuries were on course for their biggest weekly advance since July as markets readjusted their view to a slower pace of interest-rate increases from the Federal Reserve. The 30-year bond yield dropped to its lowest in two weeks, Friday.
Federal Reserve Bank of Boston President Eric Rosengren said the U.S. central bank's failure to get back to a strategy of gradual rate increases may threaten the ongoing U.S. economic recovery.
Asian stocks fell for the first time in six days, with the regional benchmark gauge paring the biggest weekly advance since July, as Japanese exporters retreated and a rally in Hong Kong equities lost steam.
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