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Treasuries Fall as Jobless Claims Decline, Bond Auction Looms

Treasuries fell for a third day after initial claims for unemployment benefits in the U.S. declined more than forecast and retail sales increased, adding to signs of resilience in the world’s largest economy.

Bonds pared losses as safety demand rose after U.S. House Speaker John Boehner said President Barack Obama isn’t serious about resolving a budget showdown. Yields on 30-year securities earlier reached the highest level in almost six weeks before the U.S. auctions $13 billion of the debt. The Federal Reserve said yesterday it plans to buy $45 billion of U.S. government securities each month from January and took the unprecedented step of linking stimulus measures to unemployment and inflation.