Treasury Yields Climb From 2-Month Low on Recovery Bets
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Treasuries fell, with 10-year yields rising from the lowest level in two months, as orders placed with U.S. factories increased in February, damping demand for haven assets.
Benchmark 10-year yields climbed before a government report this week that economists said will show the U.S. is adding jobs without driving wages higher. The yields earlier slipped below their 100-day moving average. Morgan Stanley is forecasting less implied volatility in Treasuries based on market perception of Federal Reserve policy. Two Fed regional presidents voiced support for continued stimulus spending by the central bank.