Treasuries slid for a second day, pushing 10-year yields to the highest since March, before data forecast to show jobless claims fell and home sales grew, adding to the case for the Federal Reserve to taper bond buying.
Japanese government bonds fell, with 10-year yields touching 1 percent for the first time in a year, after Treasuries slid yesterday when Federal Reserve Chairman Ben S. Bernanke said the U.S. central bank may cut the pace of its bond purchases.
Blackstone Group LP, the world’s biggest private-equity firm by assets, and Prologis Inc. agreed to buy a portfolio of 17 million square feet (1.6 million square meters) of warehouses for about $960 million, said two people with knowledge of the agreement.
Ivory Coast’s electricity monopoly, which has a stock that’s soared 95 percent in the past year, will increase exports as rising domestic demand boosts profit amid an economic recovery in the world’s biggest cocoa producer.
Treasuries fell, pushing 10-year note yields above 2 percent for the first time since March, after Federal Reserve Chairman Ben S. Bernanke told Congress the Fed may cut the pace of bond purchases at the next few meetings if policy makers see indications of sustained economic growth.
Serbia has limited room for monetary easing until inflation slows and the government should cut spending by at least two percentage points of economic output for more stability, the International Monetary Fund said.