U.S. Bonds Drop Most Since 2013 as Greece, Oil Sap Haven Demand
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Treasury bonds fell the most in 15 months as Greece backed away from a debt-writedown threat and a rally in crude oil diminished the refuge appeal of U.S. government securities.
The yields on the 30-year securities climbed from last week’s record low as crude rose for a fourth day, the longest winning streak since August. Stocks rose. Greece’s finance minster said late Monday the government wants to exchange debt owned by the European Central Bank and the European Financial Stability Facility for new obligations linked to economic growth.