(Reuters) - Benchmark 10-year yields had pulled back more than 20 basis
points from a five-year high above 5.30 percent, and some
investors thought Treasuries had reached a near-term top and took
profits.
"It looks difficult for 10-year yields to fall below 5.0
percent right away as investors hesitate to chase further
buying," a dealer at U.S. investment bank said. "We see more
selling of bonds to take profits now."
Read more at Reuters.com Bonds News
points from a five-year high above 5.30 percent, and some
investors thought Treasuries had reached a near-term top and took
profits.
"It looks difficult for 10-year yields to fall below 5.0
percent right away as investors hesitate to chase further
buying," a dealer at U.S. investment bank said. "We see more
selling of bonds to take profits now."
Read more at Reuters.com Bonds News
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