Treasuries Decline After Chinese Stimulus Eases Refuge Demand
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Treasuries declined amid speculation Chinese policy makers will take more steps to sustain the nation’s economic expansion, easing demand from investors seeking a refuge from the risk of slower global growth.
Yields rose as China lowered the amount of cash lenders must set aside as reserves by the most since 2008, helping to trigger rallies in stocks and oil. Yields dropped earlier after New York Federal Reserve President William C. Dudley said U.S. monetary policy will remain accommodative once the central bank lifts interest rates, likely in 2015.