Monday, May 21, 2007

Treasury 10-Year Note's Yield Trades at a Three-Month High on Fed Outlook

(Bloomberg) -- Treasuries were little changed, with
the 10-year note's yield at a three-month high, as signs of U.S.
economic strength reduced the likelihood of a cut in borrowing
costs by the Federal Reserve this year.

Treasuries fell last week the most since January on reports
showing higher-than-expected hiring and consumer confidence.
U.S. government debt erased earlier gains today after a rise in
European equities reduced the allure of fixed-income assets.


Read more at Bloomberg Bonds News

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