(Bloomberg) -- Treasuries are the worlds worst- performing bonds this quarter amid concern investors are underestimating risk the Federal Reserve will raise borrowing costs next year.
U.S. 10-year yields rose alongside those of European bonds, reaching the highest in a month, before the government auctions $21 billion of the securities. Adding to the case for the Fed to raise rates, analysts said data this week will show jobless claims fell and retail sales improved. Euro-area bonds outperformed Treasuries this year on speculation the European Central Bank would ease policy to boost the economy.
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