(Reuters) - NEW YORK, May 7 - U.S. Treasury bonds rose on Monday as investors took last week's soft jobs data as a sign inflation pressures were waning and bet the Federal Reserve would acknowledge this at its policy meeting this week.
The price gains in longer dated bonds, which are more sensitive to inflation expectations, pushed 30-year yields to their lowest in more than a month. Shorter maturities underperformed ahead of a $14.0 billion auction of three-year notes later on Monday.
Read more at Reuters.com Bonds News
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