Treasuries Fall on Fed-Tapering Speculation Before GDP, Jobs

Treasuries fell, with 10-year note yields reaching almost the highest level in more than two weeks, before the Federal Reserve meets this week to discuss whether to taper its $85 billion a month debt-purchase program.

U.S. debt declined before reports forecast to show the U.S. economy grew in the second quarter and the unemployment rate dropped in July. Gross domestic product expanded at a 1 percent annualized rate last quarter, a report July 31 may show. The difference in yield between Treasuries maturing in two and 30 years reached the widest in almost two years.