Wednesday, July 11, 2007

Treasuries Erase Earlier Gains; 10-Year Yield Rebounds Above 5 Percent

(Bloomberg) -- Treasuries erased earlier gains that
were fueled by concerns about the subprime housing market.

The yield on the U.S. benchmark 10-year note rebounded to
5.03 percent, little changed on the day, as of 10:29 a.m. in
London, according to bond broker Cantor Fitzgerald LP. Gains in
bonds earlier pushed the yield to as low as 4.98 percent.


Read more at Bloomberg Bonds News

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