(Bloomberg) -- Treasuries maturing in five years or
less dropped as investors returned to riskier bonds and stocks
after abandoning them the past two weeks.
Two-year notes weakened as traders pared bets the Federal
Reserve will cut interest rates this year to blunt the impact of
higher borrowing costs for homeowners and companies. Yields rose
from near a four-month low even as one of the first reports for
July, the National Association of Purchasing Management-
Chicago's business barometer, fell more than forecast.
Read more at Bloomberg Bonds News
less dropped as investors returned to riskier bonds and stocks
after abandoning them the past two weeks.
Two-year notes weakened as traders pared bets the Federal
Reserve will cut interest rates this year to blunt the impact of
higher borrowing costs for homeowners and companies. Yields rose
from near a four-month low even as one of the first reports for
July, the National Association of Purchasing Management-
Chicago's business barometer, fell more than forecast.
Read more at Bloomberg Bonds News
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