Treasuries are world’s worst performers before employment report

Treasuries fell, extending the world's biggest government bond losses over the past two months, on speculation employment data today will bolster the case for the Federal Reserve to raise interest rates in 2015. U.S. notes and bonds due in more than a year dropped 0.2 percent in the period, the only loss among 26 debt markets, data compiled by Bloomberg and the European Federation of Financial Analysts Societies show. The world's biggest economy is recovering from a first-quarter contraction, leading investors to add to bets the Fed will increase borrowing costs. "Treasuries are building concession in before this deluge of data," said Marc Ostwald, a strategist at ADM Investor Services International Ltd. in London.

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