Treasuries Fall on Fed Speculation as Oil to Gold Rally

U.S. Treasury yields rose to an 11-week high and stocks fell a fourth day as signs of economic growth fueled concern the Federal Reserve will scale back bond buying. Copper, gold and crude oil led commodities higher.

Ten-year Treasury yields climbed five basis points to 2.83 percent by 4:34 p.m. in New York, the highest level since September. The Standard & Poor’s 500 Index lost 0.1 percent, capping the longest slump in 10 weeks to close at 1,792.81. Copper jumped the most since August, and the S&P GSCI Index of raw materials rose a third day. West Texas Intermediate oil gained 1.2 percent after U.S. supplies fell for the first time in 11 weeks. Canada’s dollar slipped to a three-year low on concern policy makers may consider cutting key interest rates.