The difference between yields on two- and 10-year Treasuries narrowed for the first time in three weeks as investors questioned the pace of the economic expansion after reports showed harsh weather weighed on U.S. growth.
Treasury 10-year note yields traded in the narrowest range in a month amid speculation whether Federal Reserve Chairman Janet Yellen will acknowledge that the recovery in the U.S. labor market is slowing.
Treasuries ended a three-day losing streak, the longest this year, after U.S. employers added fewer jobs than forecast for a second month in January, adding to concern that growth in the world’s biggest economy is uneven.
Treasury 10-year note yields fell to the lowest level in two months as investors sought a haven from emerging-market turmoil even with the Federal Reserve forecast to announce a second reduction in its bond-buying program.
Treasury 10-year note yields fell to the lowest level in two months as investors sought a haven from emerging-market turmoil even as the Federal Reserve announced plans for a second reduction in its bond-buying program.
The Treasury drew the highest auction demand since 2012 this week as it sold $111 billion in four note offerings as investors sought the haven of U.S. government debt amid turmoil in emerging markets, even as the Federal Reserve cut its monthly bond-buying.
Treasuries fell, pushing the 10-year yield up from almost a two-month low, before the Federal Reserve begins a two-day meeting tomorrow and the U.S. sells $111 billion of notes and floating-rate debt this week.
Spanish bonds outperformed their German equivalents with the extra yield on Spain’s 10-year securities shrinking toward the lowest since April 2011 after the nation sold a record amount of debt through banks.
Treasuries fell, with benchmark 10- year yields climbing from almost a six-week low, as signs the U.S. recovery is accelerating boosted speculation the Federal Reserve will keep reducing its debt-purchase program.
Yields on 10-year Treasury notes climbed to a three-month high, gold sank and the Standard & Poor’s 500 Index fell from a record following the Federal Reserve’s decision to reduce bond purchases. European stocks rose, catching up with yesterday’s U.S. rally.