U.S. 2-Year Yield Rises From 17-Month Low on Bullard QE Comment

Treasuries fell, with two-year note yields rising from a 17-month low, as Federal Reserve Bank of St. Louis President James Bullard said the central bank should consider delaying the end of its bond-buying monetary stimulus to halt a decline in inflation expectations.

U.S. debt yields increased after the largest one-day decline since 2009 yesterday on speculation the central bank would delay interest-rate increases. Reports today showed manufacturing strength and fewer jobless insurance claims than forecast. Treasuries rose earlier, along with bonds in Germany and Japan, on signs global growth is losing momentum.