(Bloomberg) -- U.S. Treasuries fell on speculation
the Federal Reserve won't be in a hurry to cut interest rates
this year on signs economic growth is picking up.
The yield on the benchmark 10-year note gained 1 basis point,
or 0.01 percentage point, to 4.98 percent at 12:20 p.m. in
Singapore, according to bond broker Cantor Fitzgerald LP. The
price of the 4.5 percent security maturing in May 2017 fell 3/32,
or 94 cents per $1,000 face amount, to 96 8/32. Bond yields move
inversely to prices.
Read more at Bloomberg Bonds News
the Federal Reserve won't be in a hurry to cut interest rates
this year on signs economic growth is picking up.
The yield on the benchmark 10-year note gained 1 basis point,
or 0.01 percentage point, to 4.98 percent at 12:20 p.m. in
Singapore, according to bond broker Cantor Fitzgerald LP. The
price of the 4.5 percent security maturing in May 2017 fell 3/32,
or 94 cents per $1,000 face amount, to 96 8/32. Bond yields move
inversely to prices.
Read more at Bloomberg Bonds News
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