Treasuries Pare Losses Before Debt Vote

'People still very nervous' and report expected to show fewer than average jobs added.

Treasuries pared losses as congressional leaders prepared a vote to raise the U.S. debt limit, curtailing the risk of a default and encouraging demand for U.S. debt.

Yields on two-year debt touched the lowest level since July 19. Ten-year notes earlier fell the most in more than one week after lawmakers approved a debt plan yesterday and President Barack Obama announced the pact on television in Washington. The U.S. economy added fewer-than-average jobs this month, a report Aug. 5 is forecast to show.

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