Treasury Yields Touch Two-Year High on Tapering Outlook
This article is for subscribers only.
Treasury yields touched two-year highs as the U.S. employment market strengthened and minutes of the Federal Reserve’s last meeting showed policy makers supported slowing the pace of asset purchases this year.
U.S. government securities pared losses yesterday, leaving yields little changed on the week, as a drop in new home sales in July reminded investors the economic expansion remains uncertain. Treasuries due in 10 years and longer have performed the worst in the Group of Seven this month. The Treasury is scheduled to auction $98 billion of notes next week.