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Treasury 30-Year Bond Yield Reaches 7-Week High

Treasury 30-year bond yields reached the highest level in seven weeks before the government sells $16 billion of the securities as added evidence of jobs gains damped speculation the Federal Reserve may expand monetary stimulus.

U.S. debt extended losses after a report showed fewer Americans filed applications for unemployment benefits last week. Yields have risen every day since the Labor Department reported Aug. 3 that the economy added 163,000 jobs in July, the most since February. Demand at yesterday’s 10-year note auction was the lowest in three years.