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​Prospects Daily: U.S. government bonds rise on slower economic growth, Spain grows the fastest in 6 years, South Africa’s trade balance records a larger-than-expected deficit in March

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Financial Markets
 
Treasury securities strengthened on Wednesday as U.S. first-quarter economic growth slowed more than forecasted, boosting demand for safe-have government debt. Weak U.S. GDP number fueled speculation the Federal Reserve won’t accelerate pace in withdrawing monetary stimulus. In recent trading, the benchmark 10-year yields dropped 3 basis points (bps) to 2.66%, while 5-year note yield declined 4 bps to 1.70%.
 

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