Tuesday, June 5, 2007

U.S. Treasuries Decline as Traders Reduce Bets on Fed Interest-Rate Cut

(Bloomberg) -- U.S. Treasuries fell before a private
sector survey today that's forecast to show U.S. services last
month expanded at close to the fastest pace since January.

Benchmark 10-year yields are close to a nine-month high as
signs economic growth is quickening prompts investors to reduce
bets the Federal Reserve will cut interest rates this year. Ten-
year notes had the biggest one-day drop in almost two months on
June 1 when a report showed the U.S. economy added more jobs than
forecast by economists.


Read more at Bloomberg Bonds News

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