(Bloomberg) -- Treasuries fell for a fifth day, reversing earlier gains, before the U.S. government sells $64 billion of notes and bonds this week.

U.S. securities also dropped as Federal Reserve Bank of Philadelphia President Charles Plosser said officials must be aware of the risk of loose monetary policy. Employment gains in the U.S. last week added to speculation the Fed will continue trimming the debt purchases it uses to support the economy. The Fed’s next policy meeting is March 18-19. Treasuries rose earlier as China reported the biggest trade deficit in two years, driving demand for the safety of U.S. debt.

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