U.S. Treasury Yields Hold Near Four-Month High as Bets on Rate Cut Reduced

(Bloomberg) -- U.S. 10-year yields held close to the
highest since January after traders cut back on bets the Federal
Reserve will reduce interest rates in 2007.

Signs of growth in the economy along with a two-month gain
in the benchmark U.S. stock indexes have pushed 10-year yields
up 35 basis points since the first week of March. Orders for
durable goods rose for a third month in April, according to a
Bloomberg News survey of economists before the Commerce
Department reports the figure today.


Read more at Bloomberg Bonds News