Treasuries Decline Before Fed Decision as Cyprus Options Weighed
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Treasuries fell for the first time in four days before the Federal Reserve ends a policy meeting amid speculation the central bank will maintain its bond-buying program, underpinning demand for higher-yielding assets.
Ten-year yields rose from yesterday’s two-week low as Cyprus sought alternatives to a euro-area bailout plan and European officials weighed how far to push the nation. The European Central Bank said it would provide liquidity as needed within its rules, easing concern the region’s debt crisis will worsen. The Federal Open Market Committee will release economic forecasts today as it issues a statement.