Treasuries Rally With Dollar on Signs of Easing Trade Tensions

Treasuries rallied for a second week, all but erasing this month’s losses, amid signs the Trump administration is making efforts to deescalate trade tensions.

Longer-dated bonds led the advance, with benchmark 10-year yields falling about 5 basis points this week to 4.28%. The 30-year yields fell 8 basis points to 4.71%, while five-year yields dropped 5 basis points.