(Bloomberg) -- Treasuries declined, pushing 10-year
note yields to the highest level in more than nine months, after
reports showed the U.S. created more jobs in May than economists
forecast and manufacturing unexpectedly accelerated.
Ten-year securities headed for a fourth weekly loss as
investors reduced speculation the Federal Reserve will cut
interest rates as the economy recovers. Separate data showed the
Fed's preferred measure of inflation declined to what policy
makers have described as their ``comfort zone.''
Read more at Bloomberg Bonds News
note yields to the highest level in more than nine months, after
reports showed the U.S. created more jobs in May than economists
forecast and manufacturing unexpectedly accelerated.
Ten-year securities headed for a fourth weekly loss as
investors reduced speculation the Federal Reserve will cut
interest rates as the economy recovers. Separate data showed the
Fed's preferred measure of inflation declined to what policy
makers have described as their ``comfort zone.''
Read more at Bloomberg Bonds News
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