Treasury Two-Year Yield Touch Seven-Month High Before Fed
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Treasury two-year note yields rose to a seven-month high before the Federal Reserve decision and a U.S. report forecast by economists to show retail sales increased in February.
Ten-year yields advanced for a fifth day before the Treasury sells $21 billion of the securities today, and 30-year yields increased before tomorrow’s $13 billion auction of the debt. A Bloomberg News survey showed the best six months of job gains since 2006 have helped reduce the odds of a third round of asset purchases by the Fed this year.