(Bloomberg) -- Treasuries dropped, pushing yields to
the highest in almost four months, after a government report
showed sales of new homes in April rose the most in 14 years.
``It's a foot on the neck of the market,'' said William
O'Donnell, U.S. government bond strategist in Stamford,
Connecticut, at UBS Securities LLC. ``The market is not taking
it very well''
Read more at Bloomberg Bonds News
the highest in almost four months, after a government report
showed sales of new homes in April rose the most in 14 years.
``It's a foot on the neck of the market,'' said William
O'Donnell, U.S. government bond strategist in Stamford,
Connecticut, at UBS Securities LLC. ``The market is not taking
it very well''
Read more at Bloomberg Bonds News
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