Treasury 10-Year Yield Near Highest in Almost Four Months After Durables

(Bloomberg) -- Treasuries were little changed, with
the 10-year yield near the highest since January, after a
government report showed orders for durable goods excluding
transportation rose in April more than economists forecast.

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


Read more at Bloomberg Bonds News