March 05, 2013 at 18:00 PM EST
Bonds Log Modest Decline As Service Sector Expands
Treasuries fell for a second day as a report showed U.S. service industries expanded at the fastest pace in a year, damping demand for the safety of U.S. government debt. Ten-year yields rose as risk appetite climbed after China vowed to maintain its growth target and eurozone manufacturing and services shrank less than forecast. The yields touched a five-week low yesterday. Data on March 8 will show U.S. employers added 160,000 jobs last month
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