(Bloomberg) -- U.S. Treasuries fell, pushing the
benchmark 10-year note's yield to its highest level since August,
after a measure of business activity rose more than forecast.
Expectations the Federal Reserve will cut interest rates
this year fell to the lowest since last July as the National
Association for Purchasing Management-Chicago report indicated
the economy is rebounding from a first-quarter slowdown. U.S.
equities extended an advance that yesterday pushed the Standard &
Poor's 500 Index to a record.
Read more at Bloomberg Bonds News
benchmark 10-year note's yield to its highest level since August,
after a measure of business activity rose more than forecast.
Expectations the Federal Reserve will cut interest rates
this year fell to the lowest since last July as the National
Association for Purchasing Management-Chicago report indicated
the economy is rebounding from a first-quarter slowdown. U.S.
equities extended an advance that yesterday pushed the Standard &
Poor's 500 Index to a record.
Read more at Bloomberg Bonds News
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