(Bloomberg) -- Treasury 10-year notes rose for a third day on speculation some investors perceived yields near the highest level in three months offer value as they weigh when the Federal Reserve will start to slow asset purchases.

Treasuries rallied as Fed Bank of St. Louis President James Bullard said any reduction in the pace of stimulus should be small because inflation is slow. Dallas Fed President Richard Fisher said yesterday tapering needs to begin “as soon as possible” in an economy that doesn’t need any more help. Benchmark 10-year Treasury yields rose to the most in almost three months last week after a report showed the economy added more jobs than analysts forecast last month.

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