Treasuries Decline With Global Bonds as ECB to Slow Asset Buying
- Benchmark U.S. 10-year yield climbs the most in a week
- Yield curves steepen as euro-area deflation risk seen fading
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Treasuries declined, with benchmark 10-year yields climbing the most in a week, after the European Central Bank said it would slow its pace of monthly asset purchases starting in April.
The U.S. 10-year yield rose six basis points to 2.4 percent at 4:15 p.m. in New York, according to Bloomberg Bond Trader data. Debt from Portugal and Italy led declines in developed markets after the ECB expanded its quantitative-easing program to exceed 2.2 trillion euros ($2.4 trillion) by the end of 2017, extending the program from April at a slower speed of 60 billion euros a month, from 80 billion euros currently.