Treasuries Slip With Gold on Fed Minutes as Dollar Gains
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Treasuries and gold retreated while the dollar strengthened after minutes from the Federal Reserve’s last meeting indicated policy makers see risks to financial stability from continued monthly bond purchases. Sugar slid to a 3 1/2-year low and oil resumed declines.
Ten-year Treasury yields rose five basis points to 2.99 percent by 4:36 p.m. in New York. The Standard & Poor’s 500 Index pared declines to close down less than 0.1 percent at 1,837.49. Gold futures fell 0.3 percent while the greenback climbed versus 14 of 16 major peers. Crude fell to the lowest level in six weeks after U.S. fuel supplies rose. Sugar declined 2 percent amid a supply glut. Ten-year Spanish bonds jumped after euro-area retail sales rose more than estimated.