(Bloomberg) -- U.S. Treasuries rose as traders said yields close to the highest levels in almost two months attracted investors skeptical of the Federal Reserve's forecast that additional interest-rate increases may ``prove necessary.''
An unexpected increase in the number of Americans filing new claims for unemployment insurance benefits last week bolstered the view that job creation may slow as a slump in residential real estate ripples through the economy. Treasury prices climbed even as dealers prepared to underwrite an auction of inflation- protected 10-year notes.
Read more at Bloomberg Bonds News
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