Government Bonds Gain on Soft Inflation Data, Stock Declines

By Anonymous

Data suggests Fed might not feel pressure to speed up its pace of rate increases, analysts say

U.S. government-bond yields posted their biggest one-day fall in more than four months Thursday as stocks tumbled after the Labor Department said inflation slowed in September.

The yield on the benchmark 10-year Treasury note fell to 3.131% from 3.221% Wednesday, its biggest single-day decline since May 29. Yields fall as bond prices rise.