Treasury 30-Year Bond Gains Before $13 Billion Sale of the Debt

Treasury 30-year bonds rose for the first time in five days as the U.S. prepared to sell $13 billion of the debt and Federal Reserve pledged to buy the securities as part of a program to keep borrowing rates low.

Ten-year Treasury yields were near the highest in more than a week as data showed the U.S. trade balance widened while producer prices held steady and initial claims for jobless benefits increased. Pacific Investment Management Co., which runs the world’s biggest bond fund, said it sold U.S. debt, betting a second round of buys by the Federal Reserve, a move called quantitative easing, would have limited effects.