Treasuries Fall First Year Since 2009 as Growth Spurs Fed Taper

Treasury 10-year note yields climbed the most in a year since 2009 as the U.S. economy improved enough for the Federal Reserve to reduce its bond purchases, leading investors to bet the stimulus will end this year.

U.S. government securities had their first annual loss in four years amid signs the recovery of the world’s biggest economy will be sustained amid reduced Fed bond-buying. Ten-year yields jumped 1.27 percentage points in 2013, reaching past 3 percent to a two-year high, and will touch 3.40 percent by the end of 2014, according to analysts surveyed by Bloomberg.