Treasuries Are Poised for Worst Three Months Since 2010

Treasuries fell, posting their steepest quarterly drop since the last three months of 2010, while corporate bonds surged as the world’s largest economy showed signs of improvement.

Thirty-year bond yields rose from a two-week low as investors sought higher-yielding assets after gains in consumer spending and confidence. U.S. government securities lost 1 percent since Dec. 31 as of yesterday, according to Bank of America Merrill Lynch indexes. An index of investment-grade and high-yield corporate bonds returned 3.2 percent, the most since July to September 2010