Northeastern nuclear-power generation declined, snapping the longest string of gains since December, after Entergy Corp. cut output to the 651-megawatt Vermont Yankee 1 reactor.
Entergy Corp. shut the Pilgrim 1 nuclear reactor near Plymouth, Massachusetts, to repair a “minor leak,” said Rob Williams, a company spokesman.
U.S. companies are selling the fewest long-maturity bonds in almost two years as a strengthening economy cuts investor appetite for the debt.
Nuclear-power production in the U.S. is at the lowest seasonal levels in nine years as drought and heat force reactors from Ohio to Vermont to slow output.
Treasuries snapped a gain before a private report that analysts said will show the U.S. services industry, which makes up almost 90 percent of the economy, grew at almost the fastest pace in a year.
Entergy Corp. connected the Pilgrim 1 nuclear reactor in Massachusetts to the electric grid after completing repairs, a company spokesman said.
Corporate bonds capped their best two-year global performance ever as signs of an accelerating U.S. recovery outweighed concern the European Union will fail to contain its fiscal crisis.
Treasuries snapped a two-day gain before a government report forecast to show American employers added more than 200,000 jobs for a fourth month.
Police evicted the last Occupy London campaigners from Finsbury Square near the city’s financial district, eight months after the income inequality demonstrations began in the U.K. capital.
BlackRock Inc., Fidelity Investments and Charles Schwab Corp., which together manage more than $5 trillion, are all bullish on corporate debt.
"We've been having to do it with the warmer weather conditions."
- Rob Williams on Jul 26, 2012