(Bloomberg) -- U.S. 10-year Treasury yields traded
near a two-week low on expectations a housing slowdown will keep
the Federal Reserve from raising interest rates.
The benchmark notes headed for a fourth day of gains, the
longest advance since February, before a private report on home-
loan applications due today. Bonds rose yesterday, pushing 10-
year yields down 5 basis points, after the Commerce Department
said house construction declined for the first time in four
months in May because of higher mortgage costs.
Read more at Bloomberg Bonds News
near a two-week low on expectations a housing slowdown will keep
the Federal Reserve from raising interest rates.
The benchmark notes headed for a fourth day of gains, the
longest advance since February, before a private report on home-
loan applications due today. Bonds rose yesterday, pushing 10-
year yields down 5 basis points, after the Commerce Department
said house construction declined for the first time in four
months in May because of higher mortgage costs.
Read more at Bloomberg Bonds News
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