Treasury 10-Year Yields Rise From 4-Month Low on Risk

Treasury 10-year notes fell for the first time in four days as investors sought higher-yielding assets amid a recovery in gold and equities, damping the refuge appeal of government debt.

Benchmark yields climbed from the lowest level since December amid bets the 17-basis-point decline this month through yesterday was excessive. Treasury volatility fell to the lowest since December yesterday. The securities remained lower after new-home construction in the U.S. jumped more than forecast in March and the cost of living declined. Federal Reserve Board Vice Chairman Janet Yellen said she favors holding the benchmark interest rate “lower for longer.”