Friday, June 8, 2007

Selloff unabated, yields flirt with fed funds

(Reuters) - The latest bout of selling brought benchmark ten-year notes to within a whisker of 5.25 percent, the current federal funds rate on overnight loans set by the Federal Reserve.




Officials were long puzzled over the lack of reaction in long-term interest rates to two years of interest rate hikes from the central bank.


Read more at Reuters.com Business News

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