Treasury Yield at Highest Against G-7 in 3 Years Before Payrolls
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Treasuries fell, pushing yields to the highest level in three years relative to those of Group-of-Seven nations, before a government report that economists said will show the jobless rate declined in July.
U.S. 10-year securities yielded 37 basis points more than bonds in an index of their G-7 peers, the biggest difference since May 2010, according to data compiled by Bloomberg. Treasury yields jumped yesterday on speculation the U.S. economy is growing fast enough for the Federal Reserve to begin trimming its bond purchases, known as quantitative easing, as soon as its next meeting in September.