Treasuries fell across the board as investors cut bond holdings ahead of next week’s auctions after the government reported fewer job losses for March than forecast ( Wall Street Journal, April 5,...

Treasuries fell across the board as investors cut bond holdings ahead of next week’s auctions after the government reported fewer job losses for March than forecast ( Wall Street Journal, April 5, 2009). a. Interpret this statement in terms of bond prices and yields. Just under half of corporate debt in America was rated as “speculative” (BB or below) at the end of last year, according to Standard & Poor’s, a rating agency.