Thursday, June 7, 2007

Treasuries Extend Decline, Pushing 10-Year Yields to Highest Since July

(Bloomberg) -- U.S. Treasuries fell, pushing the 10-
year yield to the highest since July.

The yield on 10-year notes rose 2 basis points, or 0.02
percentage point, to 5.16 percent at 8:15 a.m. in Singapore,
according to bond broker Cantor Fitzgerald LP. The price of 4 1/2
percent notes maturing in May 2017 fell 4/32, or $1.25 per $1,000
face amount, to 94 30/32. Yields move inversely to bond prices.


Read more at Bloomberg Bonds News

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