Treasuries declined after a measure of consumer confidence in May reached an almost six-year high and an index of leading economic indicators topped forecasts, as Federal Reserve officials debate the pace of asset purchases.
David Ader survived a heart attack in a jet over the Atlantic, missed a chance to work at the CIA thanks to his friend the international spy, changed jobs during the worst financial crisis in a lifetime and helped upstart CRT Capital Group LLC almost double revenue in two years.
A newly elected Democratic president pushes a controversial tax increase through Congress without a single Republican vote. A veteran Federal Reserve chairman holds short-term interest rates at record lows. And the economy struggles to recover from a financial crisis.
U.S. Treasury bond yields may decline to 3 percent for the first time in almost two months after falling out of a descending triangle pattern, according to CRT Capital Group LLC, citing technical analysis.
Treasury 30-year bonds fell as the U.S. government’s sale of $13 billion of the securities attracted the weakest demand in seven months amid signs the recovery in the world’s biggest economy is gathering momentum.
China’s August sales of Treasuries may have been driven by the securities’ gains linked to U.S. economic weakness, European debt turmoil and speculation of more Federal Reserve bond buying, according to David Ader, at CRT Capital Group LLC.