U.S. 2-Year Note Yields Near Three-Month High on Bets Fed to Stay on Hold

(Bloomberg) -- U.S. two-year Treasuries yields held
near a three-month high on expectations reports this week will
show the economy is gathering pace, giving the Federal Reserve
scope to keep interest rates on hold.

Yields on the notes, the most sensitive to changes in
interest-rate expectations, have risen 8 basis points in the past
week, as traders took off bets the Fed will cut interest rates.
U.S. economic growth will continue to quicken, said Federal
Reserve Bank of Chicago President Michael Moskow.


Read more at Bloomberg Bonds News