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Treasuries Fall, U.S. Futures Gain on Obama’s Plan; Stocks Slide

Treasuries declined and Standard & Poor’s 500 Index futures climbed after President Barack Obama detailed his $447 billion plan to boost hiring in the U.S. Stocks in Europe and Asia fell for the first time in three days.

Ten-year yields increased two basis points to 2 percent as of 8:46 a.m. in London. S&P 500 futures gained 0.3 percent, after earlier decreasing as much as 0.6 percent. The Stoxx Europe 600 Index slipped 0.2 percent, while the MSCI Asia Pacific Index sank 0.6 percent. Nickel and copper paced a retreat among metals. The Dollar Index was up less than 0.1 percent, following an earlier drop of as much as 0.3 percent.