Treasury Bonds Fall in Longest Stretch Since 2007

Treasuries declined, pushing 30-year yields up for a sixth day in the longest stretch since 2007, as the U.S. prepared to auction $66 billion in notes and bonds this week.

Ten-year yields closed at an 11-month high before a retail sales report this week forecast to add to signs the U.S. economy is gaining momentum. Bets the Federal Reserve’s effort to spur growth is working damped demand for government bonds after data last week showed the jobless rate unexpectedly fell to a four-year low. Another report this week may show consumer prices increased for the first time in four months. Stocks rose.