Tue, 16 Jul 2013 08:19:08 GMT
Treasuries fall as output prospects fuel tapering speculation
Treasury yields recovered from the lowest level in a week ahead of data that may indicate industrial output advanced, boosting speculation the U.S. economy has grew enough to start tapering stimulus. The benchmark 10-year note yield gained to 2.55% and the 1.75% bond expiring in May 2023 decreased to 93 2/32. The 30-year bond yield jumped to 3.60%.