U.S. Treasuries Slide as Investors Abandon Bets Fed to Cut Interest Rates

(Bloomberg) -- U.S. Treasuries declined for a second
day as investors abandoned wagers that the Federal Reserve will
cut interest rates this year.

Benchmark 10-year notes have dropped this month, pushing
yields up more than 30 basis points on speculation global growth
will spur central banks to raise borrowing costs. Bonds extended
declines on speculation investors in mortgage-backed securities
sold Treasuries they had used as a hedge against falling rates.


Read more at Bloomberg Bonds News