(Bloomberg) -- Treasuries fell for the first time in five days as investors weighed the probable timing of Federal Reserve interest-rate increases before speeches by U.S. policy makers today.
Even with todays drop in prices, yields on two-year notes headed for the steepest weekly decline in more than a year and those on 10-year securities were set to fall for a fourth week. Investors pared expectations for higher interest rates in the past few days after the Fed highlighted risks to the U.S. economy. Philadelphia Fed Bank President Charles Plosser is due to speak today, as are his colleagues Esther George, Richard Fisher and Jeffrey Lacker.
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