(Bloomberg) -- Treasuries fell the most in more than two weeks after a government report showed a measure of inflation was flat for a second consecutive month, adding to speculation the Federal Reserve may not change interest rates for the rest of the year.
Producer prices excluding food and fuel were unchanged in March and April. Fed policy makers on May 9 left their benchmark lending rate unchanged at 5.25 percent for the seventh straight meeting and said the ``predominant'' concern was that ``inflation will fail to moderate.'' Bonds also declined as stocks advanced.
Read more at Bloomberg Bonds News
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