U.S. 30-Year Yield Reaches 3-Month High as Offers to Fed Rise

Treasuries fell, pushing 30-year bond yields to the highest level since May, as data pointed to improvement in the U.S. economy, damping demand for the safety of U.S. debt.

Primary dealers submitted the highest level of offers since November as the Federal Reserve bought $1.9 billion of Treasuries due from February 2040 to August 2041 as part of its program to boost the economy. Government reports on housing starts and weekly jobless claims boosted speculation that the pace of the economy dims the chances of additional central bank monetary stimulus.