Treasury 10-year notes fell for a second week in the first back-to-back losses this year amid bets the Federal Reserve will push on with bond-buying cuts, viewing the strength of the economy as being masked by harsh weather.
Treasuries fell amid bets the Federal Reserve will push on with reductions to its bond- purchase program, viewing weak economic data this year as reflecting harsh weather rather than a faltering recovery.
Treasuries dropped for a second day before a government report on Feb. 7 that’s forecast to show nonfarm payrolls increased in January, boosting the case for the Federal Reserve to keep reducing its bond purchase program.
A measure of U.S. corporate credit risk held at about a two-week low as investors prepare for Federal Reserve Chairman Janet Yellen to deliver testimony to Congress tomorrow. A unit of Capital One Financial Corp. issued $2 billion of bonds.