Treasury 10-Year Yield Rises From 1-Week Low on Fed Speculation
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Treasuries fell, pushing the yield on the benchmark 10-year note up from a one-week low, before a speech by Federal Reserve Chairman Ben S. Bernanke that may help gauge the outlook for monetary stimulus.
U.S. debt had rallied since Vice Chairman Janet Yellen, in her confirmation hearing Nov. 14 to be the next Fed chairman, said she’ll ensure stimulus isn’t removed too soon. The central bank will release minutes of its October meeting tomorrow. Treasuries extended losses as Coca-Cola Femsa SAB, the largest bottler of the soft drink in Latin America, sold $2.15 billion of bonds, according to a person familiar with the offering.