U.S. 10-Year Note Yields Hold Near Three-Month High After S&P 500 Gains

(Bloomberg) -- U.S. 10-year yields held near a three-
month high after the Standard & Poor's 500 Index climbed toward a
record, indicating the economy is growing enough to deter the
Federal Reserve from cutting interest rates.

``There are signs of asset allocation from bonds into
stocks,'' said Adam Donaldson, head of debt research at
Commonwealth Bank of Australia in Sydney. ``There's increasing
confidence that the U.S. economy is touching bottom.''


Read more at Bloomberg Bonds News