Treasuries Set for Weekly Drop as Stocks Rise on ECB Plan
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Treasuries fell for a fourth day as investors awaited a monthly U.S. payroll report after industry data yesterday showed companies hired more workers in July than economists forecast.
Benchmark 10-year yields headed for their biggest weekly increase in three months as a European Central Bank plan to buy euro-area government bonds to contain the region’s debt crisis spurred a rally in stocks around the world. German bunds also declined while Spanish and Italian bonds led gains among the securities of Europe’s most highly indebted nations.