(Bloomberg) -- U.S. Treasuries dropped, pushing 10-
year yields to the highest since May 2002, on concern
accelerating economic growth and inflation will encourage
central banks to raise interest rates.
The benchmark 10-year note extended declines after slumping
yesterday by the most in more than three years. Debt markets in
the U.S., Europe and Asia have been sliding since New Zealand
unexpectedly raised borrowing costs yesterday, stoking concern
other central banks will follow.
Read more at Bloomberg Bonds News
year yields to the highest since May 2002, on concern
accelerating economic growth and inflation will encourage
central banks to raise interest rates.
The benchmark 10-year note extended declines after slumping
yesterday by the most in more than three years. Debt markets in
the U.S., Europe and Asia have been sliding since New Zealand
unexpectedly raised borrowing costs yesterday, stoking concern
other central banks will follow.
Read more at Bloomberg Bonds News
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