Monday, May 21, 2007

Treasury 10-Year Note's Yield Trades Near Three-Month High on Fed Outlook

(Bloomberg) -- Treasuries were little changed, with
the 10-year note's yield near a three-month high, as signs of
U.S. economic strength reduced the likelihood of a cut in
borrowing costs by the Federal Reserve this year.

U.S. government debt dropped last week the most since
January on reports showing higher-than-expected hiring and
consumer confidence. An advance in U.S. and European stocks
today weighed on fixed-income assets.


Read more at Bloomberg Bonds News

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