Economics
Treasuries Fall Amid ECB’s Crisis Plan, Inflation Concern
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Treasury yields rose for the first time in three weeks as European officials detailed plans to curb the region’s debt crisis and investors braced for more stimulus from the Federal Reserve as the U.S. economic recovery falters.
Thirty-year bond yields climbed the most on concern the announcement of a third round of debt buying at next week’s Fed policy meeting may lead to an acceleration in inflation. The U.S. will also sell $66 billion of notes and bonds next week. Fed policy makers meet Sept. 12-13.