Treasury Yields Rise to Highest in a Month on Supply Before Fed
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Treasury 10-year yields reached 2 percent for the first time in a month as the Federal Reserve began a two-day policy meeting and investors were lured away by higher-yielding corporate debt.
U.S. government debt dropped for a second day as Fed policy makers gathered in Washington to debate whether growth is strong enough to raise borrowing costs for the first time since 2006, with economists forecasting a September move. Oracle Corp. and Amgen Inc. are raising money in the bond market, weighing down Treasuries as underwriters hedged bets on interest rates.