Treasuries Decline Before Fed Meets to Review Rate-Timing Stance
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Treasuries fell before the Federal Reserve meets to review its policy stance on the timeframe for an interest-rate increase.
Ten-year yields advanced from their lowest close in 18 months as policy makers consider whether to retain a pledge to keep rates low for a “considerable time” after they ended monthly bond-buying in October. The Fed must weigh the pace of economic growth as a report showed industrial production increased last month by the most since May 2010. Crude oil prices extended declines after the United Arab Emirates said OPEC won’t rein in production in response to the slump.