Treasuries Post Worst Week Since November as Oil Extends Rally
- Gauge of inflation expectations rises by most in seven weeks
- Yields on U.S. two-, 10-, and 30-year debt climb for fifth day
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Treasuries fell, posting their worst week since November, as a rebound in oil prices led traders to boost wagers that inflation will climb and strengthened the Federal Reserve’s case to raise interest rates this year.
The yield on 30-year U.S. bonds, the maturity most sensitive to inflation expectations, rose as crude oil gained for a fourth day. A bond-market gauge of inflation expectations had its biggest weekly advance in almost two months before the Fed’s policy committee meets April 26-27.