(Bloomberg) -- Treasuries dropped for a third week
on signs of economic recovery and as Federal Reserve policy
members reiterated their commitment to containing inflation.
Benchmark 10-year notes briefly pared their declines today
after an industry report showed sales of existing homes in the
U.S. fell in April to the lowest level in almost four years. The
yield rose yesterday to the highest level since January as
traders lowered bets on a Fed rate cut after a government report
showed the biggest jump in new-home sales in 14 years.
Read more at Bloomberg Bonds News
on signs of economic recovery and as Federal Reserve policy
members reiterated their commitment to containing inflation.
Benchmark 10-year notes briefly pared their declines today
after an industry report showed sales of existing homes in the
U.S. fell in April to the lowest level in almost four years. The
yield rose yesterday to the highest level since January as
traders lowered bets on a Fed rate cut after a government report
showed the biggest jump in new-home sales in 14 years.
Read more at Bloomberg Bonds News
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