Treasuries rallied on haven demand after oil tumbled to the lowest level in six years, dimming the outlook for inflation as the Federal Reserve prepares to raise interest rates. Longer-term Treasuries led gains, pushing the 30-year bond yield down for a second day. Fed Bank of St. Louis President James Bullard said he expects inflation to start rising toward its 2 percent goal as the energy shock fades. U.S. equities fell. “It’s another indication it will be tough to get to 2 percent, which is a benefit to long-end Treasuries,” said Larry Milstein, managing director of government-debt trading at R.W. Pressprich in New York. Treasury 30-year bond yields dropped by six basis points, or 0.06 percentage point, to 2.95 percent as of 2:52 p.m. in New York, according to Bloomberg Bond Trader data. The price of the 3 percent note due in November 2045 rose 1 7/32, or $12.19 […]