Treasuries Fall for 2nd Day as U.S. Growth Signs Damp Safety Bid

Treasury 10-year notes declined for a second day as signs the U.S. economy is gathering momentum eased concern that the European debt crisis is weighing on American growth.

Longer-maturity bonds led losses before a government report that economists said will show consumer prices increased in November. Manufacturing in the New York and Philadelphia regions improved this month, according to reports released yesterday. Federal Reserve Bank of New York President William C. Dudley said he doesn’t foresee the U.S. central bank taking additional steps to curb the impact of Europe’s sovereign-debt crisis.