(Reuters) - NEW YORK, May 31 - Benchmark U.S. government bond
prices edged lower on Thursday after mixed U.S. economic data
reinforced investors the view that the Federal Reserve may hold
official overnight interest rates steady for some time.
A recent run of fairly robust economic reports has reduced
market expectations for rate cuts and benchmark bond yields
have risen to four-month highs, with the 10-year yield climbing
to 4.90 percent last week, its highest since late January.
Read more at Reuters.com Bonds News
prices edged lower on Thursday after mixed U.S. economic data
reinforced investors the view that the Federal Reserve may hold
official overnight interest rates steady for some time.
A recent run of fairly robust economic reports has reduced
market expectations for rate cuts and benchmark bond yields
have risen to four-month highs, with the 10-year yield climbing
to 4.90 percent last week, its highest since late January.
Read more at Reuters.com Bonds News
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