World Economy

US Treasuries Drop

US Treasuries DropUS Treasuries Drop

Treasuries fell for the first week this year as US employment strengthened, reviving speculation the Federal Reserve may increase interest rates as early as the first half of the year, Bloomberg reported. Two-year note yields climbed the most in four years as bigger-than-forecast gains in jobs and wages shifted investors’ focus to US economic strength from a global slowdown and discord between Greece’s anti-austerity government and European leaders. The losses came as the US prepares to sell $64 billion in notes and bonds next week.