U.S. Bond Yields Reach Almost 2-Year High on GDP, Jobs Reports

Treasuries fell, pushing 30-year bond yields to almost a two-year high, after reports showing stronger-than-forecast economic growth and jobs bolstered speculation the Federal Reserve may reduce its bond-buying.

Benchmark 10-year yields touched a three-week high after a report showed the U.S. economy grew at a faster than projected pace and the ADP Research Institute said employers added more workers than forecast in July, bolstering economist forecasts that the Labor Department’s monthly employment data released Aug. 2 will show unemployment fell in July. The Fed may comment on the path for its $85 billion in monthly purchases after a policy meeting today.