(Bloomberg) -- U.S. Treasuries rose the most in almost seven weeks after the measure of inflation favored by Federal Reserve policy makers showed consumer prices excluding food and energy were stable in March.
The larger-than-forecast decline in the core personal consumption expenditures index bolstered the view that the Fed may cut interest rates this year after raising them 17 times between 2004 and 2006. Treasuries held their gains after an industry report showed business activity slowed more than forecast this month.
Read more at Bloomberg Bonds News
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