Treasury Yields at Almost 14-Month High Amid Wagers on Jobs, Fed
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Treasury 10-year yields approached a 14-month high before reports this week forecast to show employers stepped up hiring, adding to signs of recovery and boosting speculation the Federal Reserve will reduce stimulus.
U.S. nonfarm payrolls swelled by 167,000 jobs last month, beating April’s gain, a Bloomberg survey estimated before a June 7 Labor Department report. ADP Research Institute will say tomorrow that companies added more workers, a separate Bloomberg survey forecast. Investors in Treasuries bet for a seventh straight week prices of the securities will fall, a JPMorgan Chase & Co. survey showed.