(Reuters) - The benchmark yield on the 10-year Treasury note exploded
above 5 percent two weeks ago as signs of strength in the U.S.
economy sharply reduced expectations for Fed interest rate cuts
this year, in turn supporting the dollar.
"Yields will continue to either hold their ground or push a
little higher and that will be dollar supportive," said Matt
Kassel, director of foreign exchange at ING Capital Markets.
Read more at Reuters.com Bonds News
above 5 percent two weeks ago as signs of strength in the U.S.
economy sharply reduced expectations for Fed interest rate cuts
this year, in turn supporting the dollar.
"Yields will continue to either hold their ground or push a
little higher and that will be dollar supportive," said Matt
Kassel, director of foreign exchange at ING Capital Markets.
Read more at Reuters.com Bonds News
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