Tue, 02 Jul 2013 14:31:07 GMT
Treasuries erase today's gain before Fed's speech
The Treasuries erased gains as investors speculated that two Fed speakers might provide insights about the central bank's policy stance on monetary stimulus before the labor market data to be announced on July 5, which is expected to show that the U.S. economy added 165,000 jobs. The yield on 10-year Treasuries increased to 2.48% from 2.45% earlier today.