(Bloomberg) -- U.S. Treasuries fell after a private-
sector survey showed U.S. service industry expansion last month
reached the highest level in more than a year.
The yield on the benchmark 10-year note rose almost 4 basis
points, or 0.04 percentage point, to 4.96 percent at 10:14 a.m.
in New York, according to bond broker Cantor Fitzgerald LP. The
price of the 4 1/2 percent security due in May 2017 declined
9/32, or $2.81 per $1,000 face amount, to 96 13/32. Bond yields
move inversely to prices.
Read more at Bloomberg Bonds News
sector survey showed U.S. service industry expansion last month
reached the highest level in more than a year.
The yield on the benchmark 10-year note rose almost 4 basis
points, or 0.04 percentage point, to 4.96 percent at 10:14 a.m.
in New York, according to bond broker Cantor Fitzgerald LP. The
price of the 4 1/2 percent security due in May 2017 declined
9/32, or $2.81 per $1,000 face amount, to 96 13/32. Bond yields
move inversely to prices.
Read more at Bloomberg Bonds News
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