The lowest inflation since the brink of the Kennedy-era economic boom in the 1960s is buying time for Federal Reserve Chairman Ben S. Bernanke to press on with the central bank’s $85 billion in monthly bond purchases.
Pay for directors at Standard & Poor’s 500 Index companies rose to a record average of $251,000 last year, the sixth straight year of increased compensation since federal rules began requiring disclosure.
Treasuries rose after 10-year notes suffered the biggest one-day decline since October 2011, as the highest yields in 13 months attracted buyers amid speculation whether the Federal Reserve will reduce asset purchases.
Treasuries fell, extending their biggest loss in more than two years, before a report forecast to show U.S. consumer confidence jumped in May to a six-month high, fueling bets the Federal Reserve will slow monetary stimulus.
Treasuries fell for a fourth week, the longest slide since August, after Federal Reserve Chairman Ben S. Bernanke said the central bank may cut the pace of asset purchases if policy makers see indications of sustained growth.