Skip to content
Subscriber Only
Markets
Economics

Treasuries Have Biggest Monthly Drop of 2010 on Economic View

Treasuries had their biggest monthly decrease this year on speculation the Federal Reserve’s asset purchases and an extension of tax cuts will succeed in reviving the economy.

U.S. debt also fell in December as the government completed $2.2 trillion of note and bond auctions this year, surpassing the $2.1 trillion record set in 2009. Treasuries were still headed for 5.5 percent annual returns after losing 3.7 percent in the previous year, according to a Bank of America Merrill Lynch index as of yesterday.