(Bloomberg) -- U.S. Treasuries fell, extending five
weeks of losses, as more investors said the Federal Reserve is
unlikely to cut interest rates this year.
The 10-year yield climbed 3 basis points to 5.13 percent
after Pacific Investment Management Co., manager of the biggest
debt fund, dropped bets on a 2007 rate cut. Charts used by
traders signal the yield may trade between 5.04 percent and 5.25
percent, after rising above 5 percent last week, said Indrajit
Advani, a senior director at Royal Bank of Scotland Plc.
Read more at Bloomberg Bonds News
weeks of losses, as more investors said the Federal Reserve is
unlikely to cut interest rates this year.
The 10-year yield climbed 3 basis points to 5.13 percent
after Pacific Investment Management Co., manager of the biggest
debt fund, dropped bets on a 2007 rate cut. Charts used by
traders signal the yield may trade between 5.04 percent and 5.25
percent, after rising above 5 percent last week, said Indrajit
Advani, a senior director at Royal Bank of Scotland Plc.
Read more at Bloomberg Bonds News
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