(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.
Ten-year yields rose to a three-month high as an unexpected
boost in a gauge of consumer confidence and a rally in U.S.
stocks 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 may indicate
they have little appetite to buy more.
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.
Ten-year yields rose to a three-month high as an unexpected
boost in a gauge of consumer confidence and a rally in U.S.
stocks 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 may indicate
they have little appetite to buy more.
Read more at Bloomberg Bonds News
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