(Bloomberg) -- U.S. Treasuries maturing in at least 10 years declined as business spending increased last month and inflation accelerated in the first quarter.
U.S. stocks reaching multiyear highs clouded the outlook for interest-rate cuts by the Federal Reserve this year. Two- year note yields, less sensitive to long-term inflation expectations, were little changed, steepening the yield gap between them and longer-dated maturities. The rate of inflation exceeded the comfort zone of Fed policy makers.
Read more at Bloomberg Bonds News
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