Treasuries Fall on Fed Bets in Longest Losing Streak Since 2009
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Treasuries dropped for a sixth straight week, the longest stretch of losses in four years, as U.S. payrolls swelled while the jobless rate rose, keeping alive bets the Federal Reserve will cut back on monetary stimulus.
A measure of Treasuries volatility climbed to the highest in a year as investors weighed whether the central bank will slow its bond buying under quantitative easing as the economy improves. Ten- and 30-year yields approached 14-month highs. The U.S. will auction $66 billion in notes and bonds next week.