U.S. Notes May Fall; Speculation Economy Robust Enough to Delay Rate Cut

(Bloomberg) -- U.S. 10-year Treasuries may fall for a second day on speculation yields are too low given signs the economy is resilient enough for the Federal Reserve to delay any cut in interest rates.

Growth in U.S. factory orders likely accelerated in March while employers probably created the least jobs last month in more than two years, government reports this week will show, according to Bloomberg News surveys. Notes dropped yesterday after the Institute for Supply Management's manufacturing index increased at the fastest pace in almost a year in April, even as pending home sales declined to a four-year low.


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