Treasury Yields Climb the Most Since March as Fed Stokes

Treasury 10-year note yields rose the most in two months as signs the U.S. economy is improving stoked speculation that there is no need for the Federal Reserve to ramp up monetary stimulus.

The benchmark notes fell, pushing yields to the highest level in six weeks, as the Fed and other central banks pump cash into their economies or cut interest rates, prompting money managers to seek higher-yielding assets. Stronger-than-forecast employment gains reported last week and fewer-than-projected jobless claims helped the dollar rally versus the yen after passing the 100 level on May 9. Consumer sentiment this month may have reached the highest level this year, according to a Bloomberg News survey of economists.