Treasuries fell, pushing 10-year note yields higher for a third day, as demand for the safety of U.S. government securities ebbed before a report forecast to show payrolls growth rebounded from the slowest in almost two years.
Treasuries declined for the first time in three days as refuge demand waned on speculation a Russian proposal for Syria to put its chemical weapons under international control will avert a U.S. military strike.
Treasury 10-year note yields approached a record low as concern Europe’s financial woes are weighing on U.S. growth led to higher-than-average demand at the government’s auction of $32 billion in three-year notes.
Treasuries rose as concern the U.S. economic recovery is faltering drove record demand from a group of investors that includes pension funds and insurance companies at the government’s auction of $35 billion of two-year notes.
Treasury 10-year note yields were in the tightest range in more than a month amid speculation the Federal Reserve may indicate when it will begin slowing bond purchases at the end of its two-day policy meeting tomorrow.
Treasury 30-year bond yields fell to the lowest since January 2009 after a government report showed no jobs were added in August, reinforcing concern the U.S. economy has slowed, which may prompt additional stimulus by the Federal Reserve.
Treasuries rose, pushing 10-year yields to the lowest level in three weeks, as data showing that inflation slowed bolstered demand at a $29 billion note sale before Federal Reserve Chairman Ben S. Bernanke speaks tomorrow.
Treasuries rose, pushing 10-year yields to a three-month low, as employers in the U.S. added fewer jobs than forecast amid speculation the Federal Reserve may consider additional stimulus measures to boost the economy.