(Bloomberg) -- U.S. 10-year yields held near their
highest since February on expectations a government report
tomorrow will show orders for durable goods rose for a third
month in April.
Ten-year yields have increased by a third of a percentage
point in 11 weeks on expectations signs of growth in the economy
will make it more difficult for the Federal Reserve to cut
interest rates. An index of Treasury securities handed investors
a loss of 0.7 percent so far in May, headed for its biggest
monthly decline since December, according to Merrill Lynch & Co.
Read more at Bloomberg Bonds News
highest since February on expectations a government report
tomorrow will show orders for durable goods rose for a third
month in April.
Ten-year yields have increased by a third of a percentage
point in 11 weeks on expectations signs of growth in the economy
will make it more difficult for the Federal Reserve to cut
interest rates. An index of Treasury securities handed investors
a loss of 0.7 percent so far in May, headed for its biggest
monthly decline since December, according to Merrill Lynch & Co.
Read more at Bloomberg Bonds News
No comments:
Post a Comment