Treasuries Fall as Market Opens After Sandy, Home Prices
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Treasuries fell as the market opened following yesterday’s closure for Atlantic storm Sandy and before a report that economists forecast will show a gauge of business sentiment improved in October.
Government debt was set to deliver a third month of losses, the longest streak since the last quarter of 2010, after the Federal Reserve announced a new round of measures on Sept. 13 to spur growth. Yields that are less than the inflation rate led investors to seek higher returns in corporate bonds and stocks. Treasury 10-year note futures fell yesterday after a report showed U.S. house prices rose the most in more than two years.