(Bloomberg) -- U.S. Treasuries headed for their
biggest quarterly loss since the first three months of 2006 as
traders reduced bets the Federal Reserve will cut interest rates.
Treasury securities, which handed investors a loss of 0.8
percent this quarter, slumped after the Fed yesterday kept its
benchmark rate unchanged at 5.25 percent, higher than yields
available on 10-year notes, and said inflation is its
``predominant'' concern. A report today will probably show the
Fed's preferred measure of costs slowed in May, while holding
close to the top of its target range.
Read more at Bloomberg Bonds News
biggest quarterly loss since the first three months of 2006 as
traders reduced bets the Federal Reserve will cut interest rates.
Treasury securities, which handed investors a loss of 0.8
percent this quarter, slumped after the Fed yesterday kept its
benchmark rate unchanged at 5.25 percent, higher than yields
available on 10-year notes, and said inflation is its
``predominant'' concern. A report today will probably show the
Fed's preferred measure of costs slowed in May, while holding
close to the top of its target range.
Read more at Bloomberg Bonds News
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