U.S. 10-Year Yield Climbs to 2-Year High as Data Stoke Fed Bets
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Treasuries fell, pushing 10-year note yields to the highest level in more than two years, as gains in U.S. consumer confidence and home sales bolstered bets the Federal Reserve will end bond purchases next year.
Thirty-year bond yields also reached the highest since 2011. Treasuries are poised for the first annual loss since 2009 amid signs the recovery of the world’s biggest economy will prove resilient as the Fed tapers asset-buying. Ten-year yields have jumped 1.2 percentage points this year to about 3 percent and will rise to 3.4 percent by the end of 2014, according to analysts surveyed by Bloomberg. The U.S. will announce Jan. 2 the amount it will auction in notes and bonds next week.