Treasuries Head for Weekly Decline Before Jobs Report

Treasuries fell, poised for their steepest weekly loss since the start of the year, as U.S. stock futures rose and economists said a report today will show the nation added jobs, undermining demand for the safest assets.

Benchmark 10-year yields rose to the highest level in two weeks after data yesterday showed initial claims for jobless benefits in the U.S. unexpectedly dropped to a six-week low. China’s exports exceeded forecasts in February, a government report today showed, indicating that improving global demand may help to sustain the rebound in the world’s second-biggest economy. U.S. stock futures climbed, indicating the Standard & Poor’s 500 Index will extend a 5 1/2-year high.