Treasury 10-year note yields rose to an 11-week high as reports showing the economy expanded and weekly jobless claims fell added to speculation the Federal Reserve will slow bond purchases as soon as this month.
Treasuries rose for the first time in four days on speculation a withdrawal of stimulus by the Federal Reserve may hurt weakening emerging economies, stoking demand for the safety of U.S. government debt.
Treasury 10-year note yields are close to a one-week high as the U.S. gets ready to sell $96 billion of two-, five- and seven-year securities over the next three days and Federal Reserve policy makers prepare to meet.
Treasury 10-year note yields rose to the highest levels in three weeks after a gauge of U.S. manufacturing expanded at a faster pace than forecast, weakening the case for the Federal Reserve to maintain stimulus.
Treasuries declined for a fourth straight month, the longest losing streak in more than two years, as signs the U.S. economy is recovering backed the case for the Federal Reserve to reduce monetary stimulus.