Economics
Treasuries Fall on Data While U.S. Stocks Little Changed
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Treasuries fell a second day after a private jobs report boosted speculation growth is strong enough for the Federal Reserve to consider higher rates. U.S. stocks were little changed near records, while emerging-market equities climbed to a 13-month high and copper gained.
The Standard & Poor’s 500 Index rose 0.1 percent at 4 p.m. in New York, extending an all-time high. The Dow Jones Industrial Average gained 0.1 percent to a record after yesterday rising to within two points of 17,000 in intraday trading. The MSCI Emerging Markets Index advanced 0.8 percent. The 10-year Treasury yield rose six basis points to 2.62 percent. Copper climbed to a 19-week high, while West Texas Intermediate crude slid to a three-week low.