Treasuries Little Changed With Yields Near a Five-Year High on Inflation

(Bloomberg) -- Treasuries were little changed, with
yields close to a five-year high, as a report on producer prices
signaled that inflation rose at a faster pace last month.

Yields on 10-year U.S. notes are set to rise for a sixth
straight week amid growing concern among investors that
inflation won't moderate. Faster inflation erodes the value of
Treasuries' fixed payments and may fuel speculation the Federal
Reserve will lift interest rates later this year.


Read more at Bloomberg Bonds News