(Reuters) - NEW YORK, June 13 - U.S. government bond prices
rebounded on Wednesday on short-covering, but benchmark yields
stayed near five-year highs as strong economic data raised the
prospect that the Federal Reserve may increase interest rates.
A slight moderation in selling by mortgage players, partly
blamed for the recent rout that pushed yields up 30 basis
points in a week, was also contributing to the recovery in
Treasuries, analysts said. But they added that the market
remained edgy.
Read more at Reuters.com Bonds News
rebounded on Wednesday on short-covering, but benchmark yields
stayed near five-year highs as strong economic data raised the
prospect that the Federal Reserve may increase interest rates.
A slight moderation in selling by mortgage players, partly
blamed for the recent rout that pushed yields up 30 basis
points in a week, was also contributing to the recovery in
Treasuries, analysts said. But they added that the market
remained edgy.
Read more at Reuters.com Bonds News
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