(Bloomberg) -- Benchmark 10-year U.S. Treasuries
fell, snapping four days of gains, on speculation the securities
have become too expensive with yields near a 10-week low.
The yield on the 10-year note rose 2 basis points, or 0.02
percentage point, to 4.78 percent at 1:32 p.m. in Singapore,
according to bond broker Cantor Fitzgerald LP. The price of the
4 1/2 percent note due May 2017 fell 5/32, or $1.56 per $1,000
face amount, to 97 26/32. Yields move inversely to bond prices.
Ten-year note yields fell 19 basis points last week, the biggest
decline since the period ended Sept. 22.
Read more at Bloomberg Bonds News
fell, snapping four days of gains, on speculation the securities
have become too expensive with yields near a 10-week low.
The yield on the 10-year note rose 2 basis points, or 0.02
percentage point, to 4.78 percent at 1:32 p.m. in Singapore,
according to bond broker Cantor Fitzgerald LP. The price of the
4 1/2 percent note due May 2017 fell 5/32, or $1.56 per $1,000
face amount, to 97 26/32. Yields move inversely to bond prices.
Ten-year note yields fell 19 basis points last week, the biggest
decline since the period ended Sept. 22.
Read more at Bloomberg Bonds News
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