(Bloomberg) -- Treasury two-year note yields rose
from their lowest this month before today's auction of $18
billion of the securities.
Yields advanced even as reports showed purchases of new
homes dropped in May and a measure of consumer confidence fell
this month to the lowest level since August. Two-year yields had
fallen 10 basis points over the past two trading days on concern
a weak housing market will lead to losses for investors in
mortgage-backed securities.
Read more at Bloomberg Bonds News
from their lowest this month before today's auction of $18
billion of the securities.
Yields advanced even as reports showed purchases of new
homes dropped in May and a measure of consumer confidence fell
this month to the lowest level since August. Two-year yields had
fallen 10 basis points over the past two trading days on concern
a weak housing market will lead to losses for investors in
mortgage-backed securities.
Read more at Bloomberg Bonds News
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