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Treasuries Are World’s Worst Performers

As Fed considered tapering this year, U.S. Treasuries lost 11 percent, turning in the worst performance among 144 debt indexes Bloomberg tracks.

By Wes Goodman, Bloomberg | Updated on December 17, 2013

Treasuries were the world’s worst-performing bonds this year, before the Federal Reserve meets today and tomorrow to decide whether to trim its debt-buying program.

U.S. government securities due in a decade and longer have fallen 11 percent from January 1, 2013, to yesterday, the biggest loss among 144 debt indexes tracked by Bloomberg and the European Federation of Financial Analysts Societies. The Treasury is scheduled to sell $32 billion of two-year debt today, in the first of four note auctions this week.

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