Treasuries declined as economists said data today will show U.S. home sales rose in March, indicating there are areas of expansion in the world’s largest economy and damping demand for the safest assets. Fidelity Investments, the Boston-based fund company that oversees $1.61 trillion, has been favoring high-yield debt and other bonds that pay more interest than government securities. The U.S. plans to sell $16 billion of five-year Treasury Inflation Protected Securities today. It is also scheduled to announce the amounts for two-, five- and seven-year auctions scheduled for next week. Benchmark 10-year yields rose two basis points to 2 percent at 9:29 a.m. London time, according to Bloomberg Bond Trader prices. The price of the 2 percent security due February 2022 fell 6/32, or $1.88 per $1,000 face amount, to 100 1/32. Sales of previously owned U.S. homes probably climbed 0.7 percent in March from February to a 4.62 million annual rate, according to the median estimate of 72 economists in a Bloomberg News survey. Home starts slowed in March to a five-month low, the Commerce Department said this week. To contact the reporters on this story: Wes Goodman in Singapore at wgoodman@bloomberg.net; Keith Jenkins in London at kjenkins3@bloomberg.net To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net

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