Treasuries fell for the first time in three weeks, pushing 10-year note yields to a two-year high, on speculation economic growth has improved enough to make the Federal Reserve comfortable slowing bond purchases this month.
Treasuries rose, pushing 10-year note yields down from 3 percent, after a report showed the U.S. added fewer jobs than forecast in August, damping speculation the Federal Reserve will slow bond purchases this month.
Treasury Secretary Timothy F. Geithner takes comfort from the government’s ability to borrow at low interest rates as the budget deficit hits a record high. “There’s a lot of confidence” in America’s capacity to meet its commitments, he told Bloomberg Television.
Treasuries gained, pushing 10-year yields down the most in almost two weeks, as data showed the U.S. economy grew less than previously estimated, easing concern the Federal Reserve is moving closer to slowing its bond buying.
Jay Mueller, who manages $3 billion of bonds for Wells Capital Management in Milwaukee, resisted buying Treasuries for four months, anticipating the Federal Reserve would drop its pledge to keep interest rates at a record low through late 2014.
Treasuries dropped for a sixth straight week, the longest stretch of losses in four years, as U.S. payrolls swelled while the jobless rate rose, keeping alive bets the Federal Reserve will cut back on monetary stimulus.
Treasuries rose, with yields slipping from almost 11-month highs, as a government report showed U.S. inflation was contained, giving the Federal Reserve scope to maintain its monetary-stimulus program.
Treasuries rose, pushing the two- year note’s yield to the lowest level this year, as the Federal Reserve signaled that European indebtedness may harm America’s growth and a report showed new home sales plunged.
Treasury Secretary Timothy F. Geithner has signaled to White House officials that he’s considering leaving the administration after President Barack Obama reaches an agreement with Congress to raise the federal debt limit, according to three people familiar with the matter.