U.S. 10-Year Treasury Yields Hold at Three-Month High as Equities Advance

(Bloomberg) -- Ten-year Treasury yields held at the
highest in more than three months after gains in U.S. stocks
added to speculation that economic growth is fast enough to keep
the Federal Reserve from cutting interest rates.

An index of Treasuries has incurred a 0.6 percent loss to
investors so far in May, heading for its biggest monthly drop
since March 2006, according to Merrill Lynch & Co. data. The Dow
Jones Industrial Average rose to a record, while durable goods
orders probably climbed for a third month, according to a
Bloomberg News survey before the government reports the figure
May 24.


Read more at Bloomberg Bonds News