Treasuries Decline on Gain in Manufacturing, Outlook for Jobs
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Treasuries fell after the biggest monthly rout in a year as a report showed manufacturing grew in December at the fastest pace in seven months and construction spending increased in November.
U.S. debt declined before government data later this week forecast to show the world’s largest economy added jobs in December for a third month. Bonds pared losses after the Federal Reserve bought $7.79 billion of Treasuries in the highest percentage of debt offered since Dec. 15.