(Bloomberg) -- U.S. 10-year Treasury yields
reached a five-year high as traders stepped up bets the
economy is strong enough to keep the Federal Reserve from
cutting interest rates this year.
The price of the benchmark 10-year note, which moves
inversely to the yield, dropped a sixth straight week, the
longest slide since 2005. A government report on June 13
showed retail sales rose by the most in more than a year in
May, easing concern that falling home values will crimp
consumer spending.
Read more at Bloomberg Bonds News
reached a five-year high as traders stepped up bets the
economy is strong enough to keep the Federal Reserve from
cutting interest rates this year.
The price of the benchmark 10-year note, which moves
inversely to the yield, dropped a sixth straight week, the
longest slide since 2005. A government report on June 13
showed retail sales rose by the most in more than a year in
May, easing concern that falling home values will crimp
consumer spending.
Read more at Bloomberg Bonds News
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