Treasuries Fall as Better Job Gains Slow Fed Speculation

Treasuries fell the most in a week after a government report showed the U.S. economy added more jobs than forecast last month, decreasing speculation the Federal Reserve will resort to a third round of asset purchases.

Ten-year note yields rose from almost record lows as members of German Chancellor Angela Merkel’s coalition parties signaled they won’t stand in the way of European Central Bank chief Mario Draghi’s plan to buy government bonds. The Fed said Aug. 1 after a policy meeting it “will provide additional accommodation as needed” to spur growth and employment, a tactic known as quantitative easing, or QE, while it refrained from expanding monetary stimulation this month.