Treasuries Extend Longest Slump in a Year on Fed Policy
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Treasuries declined for a seventh day, the longest slump in more than a year, on speculation the Federal Reserve may delete reference to interest rates staying low for a “considerable time” after it ends bond buying.
Government bonds worldwide headed for their biggest two-week loss in 14 months before policy makers meet Sept. 16-17. There’s a 61 percent chance the central bank will increase its benchmark rate by July 2015, federal fund futures show. Benchmark 10-year yields rose to the highest level in two months after reports showed retail sales climbed at the fastest pace in four months and consumer confidence increased.