BLBG; Treasuries Pare Gains, Pushing Yields Up From Record Lows
By Gavin Finch
Dec. 4 (Bloomberg) -- Treasuries pared gains, pushing yields up from record lows, before government reports forecast to show the steepest U.S. job losses in a quarter century.
The 10-year note yield was little changed at 2.66 percent at 8:03 a.m. in New York, according to BGCantor Market Data. The yield fell as low as 2.54 percent earlier, the lowest level since the Fed’s daily records started in 1962. The 3.75 percent security due November 2018 fell 1/32, or 31 cents per $1,000 face amount, to 109 14/32.
To contact the reporters on this story: Gavin Finch in London at gfinch@bloomberg.net; Wes Goodman in Singapore at wgoodman@bloomberg.net
