June 29, 2016
Treasuries are heading for their biggest back-to-back quarterly advance in more than four years. Economists say the gains won't continue into 2017. The Bloomberg U.S. Treasury Bond Index has returned 5.5 percent since the end of 2015.
Consumer purchases moderated last month after the biggest advance since August 2009 as American households realigned outlays with slower income growth. Personal spending climbed 0.4 percent in May after a 1.1 percent jump a month earlier.
Asian stocks rose with oil prices as a rally in global equities gathered steam amid optimism that policy makers will introduce measures to limit the economic fallout from the U.K. leaving the European Union.
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