(Bloomberg) -- The benchmark 10-year U.S. Treasury
note fell the most in almost two years after New Zealand
unexpectedly raised interest rates, igniting concern other
central banks will respond to faster global growth.
Interest-rate futures and options showed traders who as
recently as December were betting on three quarter-percentage
point rate cuts by the Federal Reserve this year boosted bets on
an increase in borrowing costs. Ten-year yields surpassed 5
percent for the first time since August and exceeded two-year
yields by the most in more than a year.
Read more at Bloomberg Bonds News
note fell the most in almost two years after New Zealand
unexpectedly raised interest rates, igniting concern other
central banks will respond to faster global growth.
Interest-rate futures and options showed traders who as
recently as December were betting on three quarter-percentage
point rate cuts by the Federal Reserve this year boosted bets on
an increase in borrowing costs. Ten-year yields surpassed 5
percent for the first time since August and exceeded two-year
yields by the most in more than a year.
Read more at Bloomberg Bonds News
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