Treasuries Maintain Loss as Obama Says Leaders Have Reached Debt Agreement

Treasuries maintained losses after President Barack Obama said leaders of both parties in the U.S. House and Senate had reached an agreement to raise the nation’s debt ceiling and cut the federal deficit.

The 10-year yield climbed four basis points to 2.83 percent as of 9:47 a.m. in Tokyo, according to Bloomberg Bond Trader prices. The 3.125 percent note due in May 2021 slid 10/32, or $3.13 per $1,000 face amount, to 102 1/2.

To contact the reporter on this story: Garfield Reynolds in Sydney at greynolds1@bloomberg.net

To contact the editor responsible for this story: Nicholas Reynolds at nreynolds2@bloomberg.net

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