(Bloomberg) -- U.S. 10-year Treasury yields traded
near a two-week low before a report on mortgage applications
that may add to evidence of a housing slowdown.
The benchmark yield has slid 10 basis points this week as
reports showed house construction dropped for the first time in
four months and confidence among homebuilders fell to the lowest
since 1991. Bonds are set to gain for a fourth day, the longest
rally since February, on anticipation a weak residential market
will keep the Federal Reserve from raising interest rates.
Read more at Bloomberg Bonds News
near a two-week low before a report on mortgage applications
that may add to evidence of a housing slowdown.
The benchmark yield has slid 10 basis points this week as
reports showed house construction dropped for the first time in
four months and confidence among homebuilders fell to the lowest
since 1991. Bonds are set to gain for a fourth day, the longest
rally since February, on anticipation a weak residential market
will keep the Federal Reserve from raising interest rates.
Read more at Bloomberg Bonds News
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