(Bloomberg) -- Treasuries fell amid eroding
confidence the Federal Reserve will cut its key rate this year,
and on concern China's move to allow its currency to appreciate
will reduce its accumulation of dollar-denominated assets.
An unexpected boost in a gauge of consumer confidence at a
time when U.S. stock benchmarks are at multiyear highs
challenged the view that record gasoline prices and a housing
slump will cause an economic slowdown. Surveys of bond investors
showing they have added to their holdings in the past month may
indicate they have little appetite to buy more, traders said.
Read more at Bloomberg Bonds News
confidence the Federal Reserve will cut its key rate this year,
and on concern China's move to allow its currency to appreciate
will reduce its accumulation of dollar-denominated assets.
An unexpected boost in a gauge of consumer confidence at a
time when U.S. stock benchmarks are at multiyear highs
challenged the view that record gasoline prices and a housing
slump will cause an economic slowdown. Surveys of bond investors
showing they have added to their holdings in the past month may
indicate they have little appetite to buy more, traders said.
Read more at Bloomberg Bonds News
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