(Bloomberg) -- Treasury 10-year yields fell from the highest level in more than two years as investors speculated whether the U.S. economy will improve enough for the Federal Reserve to end bond purchases in 2014.
U.S. government securities lost 3.4% in 2013, the first annual decline since a record 3.7% slide in 2009, Bank of America Merrill Lynch data show. Yields dropped today as U.S. stocks slid and jobless claims declined before data next week forecast to show U.S. payrolls gains continued. Yields stayed lower as an Institute for Supply Management manufacturing index slipped. The U.S. Northeast braced for a winter storm.
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