(Bloomberg) -- U.S. Treasuries fell, pushing two-year yields higher than those of 10-year securities for the first time in more than six weeks, after a private report showed growth in service industries quickened last month.
Government bond prices extended a decline triggered by an unexpected drop in the number of new claims for unemployment benefits. The reports prompted traders to pare bets that an economic slowdown will cause the Federal Reserve to lower interest rates this year.
Read more at Bloomberg Bonds News
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