(Bloomberg) -- Treasuries fell before a report that may show factory orders accelerated in March, fuelling speculation the Federal Reserve will refrain from cutting interest rates.
U.S. notes dropped yesterday after the Institute for Supply Management said manufacturing growth accelerated to an almost one- year high in April. Traders have reduced bets that the Fed will lower its benchmark rate this year, futures prices show. A separate report today is expected to show companies hired at about the same pace in April as in the prior month.
Read more at Bloomberg Bonds News
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