U.S. Treasury Yields Hold Near Four-Month High Before Durable Goods Report

(Bloomberg) -- U.S. 10-year Treasury yields held near
their highest since January before a report today expected to show
orders for goods rose for a third month in April.

Yields on 10-year Treasuries have risen 35 basis points in
the past three months as U.S. stock indexes advanced. Federal
funds futures contracts show traders expect a 23 percent chance of
a rate cut by September, dropping from 46 percent two weeks ago.
Orders for goods made to last several years probably increased 1
percent after a 4.3 percent jump, according to the median forecast
of economists in a Bloomberg News survey.


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