Economics
Treasuries Fall After Service-Industries Gauge Climbs
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Treasuries dropped, pushing 10-year note yields up from the lowest level in six months, after a gauge of service industries rose to the highest since August, fueling bets the world’s biggest economy is gaining momentum.
The benchmark securities fell for the first time in five days before the Treasury sells $69 billion of notes and bonds starting tomorrow. Bonds climbed last week amid uneven economic data and escalating tension between Ukraine and Russia. U.S. debt extended gains earlier today after data showing Chinese manufacturing shrank more than forecast last month.