Treasuries Fall, Pushing Yields Close to a Five-Year High on Inflation

(Bloomberg) -- Treasuries fell as a report on
producer prices signaled that inflation rose at a faster pace
last month, pushing yields close to a five-year high,.

Yields on 10-year U.S. notes are set to rise for a sixth
straight week amid growing concern among investors that
inflation won't moderate. Faster inflation erodes the value of
Treasuries' fixed payments and may fuel speculation the Federal
Reserve will lift interest rates later this year.


Read more at Bloomberg Bonds News