Treasury 30-Year Yields Rise Most Since December on Inflation
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Treasury 30-year bond yields climbed the most in 10 months in October as U.S. securities fell amid speculation that asset purchases by the Federal Reserve will reignite inflation.
The gap in yields on 30-year Treasury Inflation Protected Securities and comparable U.S. bonds, the breakeven rate that indicates trader expectations for prices over the life of the securities, widened yesterday to the most in five months. A sale of five-year TIPS this week drew the first negative yield at a U.S. debt offering as investors speculated returns will be positive when inflation rises. The Fed meets Nov. 2-3.