(Reuters) - "This was a very strong number today and with revisions up
in May. Fears of a slowdown in the economy forcing the Fed to
lower rates should be off the table for everybody this year,"
said Andrew Richman managing director of SunTrust's personal
asset management division in West Palm Beach Florida.
Benchmark 10-year notes were trading 11/32
lower in price for a yield of 5.19 percent -- the highest in
two weeks -- from 5.14 percent late on Thursday. Bond yields
move inversely to prices.
Read more at Reuters.com Bonds News
in May. Fears of a slowdown in the economy forcing the Fed to
lower rates should be off the table for everybody this year,"
said Andrew Richman managing director of SunTrust's personal
asset management division in West Palm Beach Florida.
Benchmark 10-year notes
lower in price for a yield of 5.19 percent -- the highest in
two weeks -- from 5.14 percent late on Thursday. Bond yields
move inversely to prices.
Read more at Reuters.com Bonds News
No comments:
Post a Comment