Treasury Yields Rise to Three-Month High on Outlook for Fed Rate Reduction

(Bloomberg) -- Treasury yields rose to the highest
level in more than three months as traders reduced the odds of
an interest rate cut by the Federal Reserve this year.

Ten-year yields have risen more than 15 basis points over
the past two weeks on signs of resilience in the U.S. economy.
Richmond Fed President Jeffrey Lacker said yesterday it's the
central bank's responsibility to curb inflation and it would be
a mistake to rely on slower growth to stem price increases.


Read more at Bloomberg Bonds News