Economics
Treasuries Decline on Speculation of Bernanke to Signal Stimulus
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Treasuries fell amid speculation Federal Reserve Chairman Ben S. Bernanke will signal additional measures to stimulate the economy, damping demand for the safest assets.
Treasury two-year note yields touched the highest in two weeks amid concern yields that dropped to record lows this month will erode demand when the U.S. sells $99 billion of debt this week. Bernanke is scheduled to speak Aug. 26 in Jackson Hole, Wyoming at an annual conference sponsored by the Fed Bank of Kansas City. Stocks pared earlier gains.