U.S. 10-Year Treasuries Head for Biggest Weekly Decline Since March 2005

(Bloomberg) -- U.S. Treasury 10-year notes are poised
for their biggest weekly decline in more than two years, even
after recovering from early losses today, on concern that faster
economic growth will lead central banks to raise interest rates.

Ten-year notes, whose yields determine interest rates on
mortgages and corporate bonds, had their biggest slump in more
than three years yesterday. The yield touched 5.25 percent
earlier today, the highest since May 2002.


Read more at Bloomberg Bonds News