(Reuters) - NEW YORK, June 11 - U.S. government bond prices
fell on Monday in a continuation of last week's rout as hawkish
inflation comments by a Federal Reserve official added to the
conviction that interest rates would not be cut in 2007.
But benchmark 10-year yields held off Friday's peak around
5.25 percent. Cleveland Federal Reserve President Sandra
Pianalto said earlier in Dublin the fundamentals of the U.S.
economy were strong and the biggest risk was inflation.
Read more at Reuters.com Bonds News
fell on Monday in a continuation of last week's rout as hawkish
inflation comments by a Federal Reserve official added to the
conviction that interest rates would not be cut in 2007.
But benchmark 10-year yields held off Friday's peak around
5.25 percent. Cleveland Federal Reserve President Sandra
Pianalto said earlier in Dublin the fundamentals of the U.S.
economy were strong and the biggest risk was inflation.
Read more at Reuters.com Bonds News
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