Treasuries Little Changed as Durable Goods Orders Report Trails Forecast

(Bloomberg) -- Treasuries were little changed after
a government report showed orders for durable goods rose in
April less than economists forecast.

Ten-year yields increased yesterday to the highest level
since January as traders reduced the odds of an interest rate
cut by the Federal Reserve this year. The central bank kept its
target rate at 5.25 percent earlier this month, saying inflation
remains the ``predominant'' concern.


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