(Bloomberg) -- U.S. Treasuries fell before a private-
sector survey that's forecast to show U.S. services expanded last
month at close to the fastest pace since January.
The benchmark 10-year note's yield touched a nine-month high
as signs economic growth is quickening prompt investors to reduce
bets the Federal Reserve will cut interest rates this year.
Treasuries pared their decline after Fed Chairman Ben S. Bernanke
said a housing slump may hurt the broader economy ``for somewhat
longer than previously expected.''
Read more at Bloomberg Bonds News
sector survey that's forecast to show U.S. services expanded last
month at close to the fastest pace since January.
The benchmark 10-year note's yield touched a nine-month high
as signs economic growth is quickening prompt investors to reduce
bets the Federal Reserve will cut interest rates this year.
Treasuries pared their decline after Fed Chairman Ben S. Bernanke
said a housing slump may hurt the broader economy ``for somewhat
longer than previously expected.''
Read more at Bloomberg Bonds News
No comments:
Post a Comment