Treasuries declined, pushing up yields on 10-year notes the mostin more than a week, as Germany signaled it may be open to abailout of Spain, reducing the haven appeal of U.S. governmentdebt.

Yields extended gains after a report showed the cost of livingin the U.S. climbed for a second month in September. The differencebetween yields on 10-year notes and similar-maturity TreasuryInflation Protected Securities, a gauge of expectations forconsumer prices, widened to 2.47 percentage points, above theaverage of 2.17 percentage points since October 2002.

“Folks are a little bit more excited about the prospects forrecovery in Europe,” said David Coard, head of fixed-income tradingin New York at Williams Capital Group, a brokerage forinstitutional investors. “Yields are having something of a yieldrally.”

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.