(Reuters) - NEW YORK, June 11 - U.S. government bond prices
fell on Monday in a continuation of last week's rout as hawkish
inflation comments by a Federal Reserve official added to the
conviction that interest rates would not be cut in 2007.
But benchmark 10-year yields held just off Friday's peak
around 5.25 percent amid some mild short-covering. Traders said
a rebound in commodity prices also heightened inflation fears
among investors.
Read more at Reuters.com Bonds News
fell on Monday in a continuation of last week's rout as hawkish
inflation comments by a Federal Reserve official added to the
conviction that interest rates would not be cut in 2007.
But benchmark 10-year yields held just off Friday's peak
around 5.25 percent amid some mild short-covering. Traders said
a rebound in commodity prices also heightened inflation fears
among investors.
Read more at Reuters.com Bonds News
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