Treasuries Fall Most in a Month as Ukraine Talks End in Accord
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Treasuries fell, pushing 10-year note yields up the most in a month, as talks on the crisis in Ukraine ended with an accord aimed at de-escalating the conflict, damping haven demand.
Thirty-year bond yields rose from a nine-month low as reports showed initial jobless claims were lower than forecast last week and a manufacturing index expanded, adding to speculation the Federal Reserve will raise interest rates at some point next year. The U.S. sale of $18 billion of five-year Treasury Inflation Protected Securities attracted the most demand since December 2012, while the divergence from nominal five-year securities pushed break-even rates to the most since March 19. The U.S. will sell $96 billion in notes next week.