(Reuters) - Such strength would likely deter the Federal Reserve from
cutting interest rates this year, a prospect that prompted
heavy selling.
Ten-year notes dropped 13/32 in price and were
offering a yield of 4.99 percent. That was up 6 basis points on
the day but up as much as 40 points since a bearish streak that
began in mid-March. Bond yields move inversely to prices.
Read more at Reuters.com Bonds News
cutting interest rates this year, a prospect that prompted
heavy selling.
Ten-year notes
offering a yield of 4.99 percent. That was up 6 basis points on
the day but up as much as 40 points since a bearish streak that
began in mid-March. Bond yields move inversely to prices.
Read more at Reuters.com Bonds News
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