Treasuries Fall as Employment Gains Cast Doubt on Fed’s Low-Rate Policy
Posted: February 5th, 2012 | Author: StockPK Team | Filed under: News | Tags: Bonds, Economy, Employment, FED, Federal Reserves, Securities, Treasury Bills, U.S, United States of America | No Comments »
Treasuries declined after the U.S. jobless rate unexpectedly fell to the lease in three years, raising skepticism about Federal Reserve Chairman Ben S. Bernanke’s extended low-rate policy and limiting demand for the safety of U.S. debt.
Yields on 30-year bonds reached the highest level in more than a week as the economy added more jobs in January than forecast, easing concern Europe’s debt crisis is stalling the U.S. recovery.
The difference between yields on 10-year notes and the inflation-indexed securities of the same maturity touched the widest since October. The U.S. will sell $72 billion in notes and bonds next week.
11 billion euros ($14.5 billion) of Treasury bills today, meeting its target, and borrowing costs plunged from the previous sale.
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