Wed, 13 Nov 2013 09:27:10 GMT
Treasuries gain before Yellen become Fed's Governor
U.S. Treasuries advanced on Wednesday before the future Federal Reserve Governor Janet Yellen faces a confirmation hearing on Thursday on speculation the central bank may keep the bond-purchases at current level in order to avoid an economic slowdown. The U.S. benchmark 10-year yields dropped two basis points to 2.75% by 6:53 a.m. London time.