(Bloomberg) -- Treasuries rose after yields on 10-
year notes reached a five-year high, prompting speculation
increased borrowing costs for businesses and households will curb
growth in the U.S. economy.
A rout in U.S. notes during the past six weeks had pushed
10-year yields to the highest since 2002. Former Federal Reserve
Chairman Alan Greenspan yesterday predicted higher market rates
for Treasuries and emerging market debt.
Read more at Bloomberg Bonds News
year notes reached a five-year high, prompting speculation
increased borrowing costs for businesses and households will curb
growth in the U.S. economy.
A rout in U.S. notes during the past six weeks had pushed
10-year yields to the highest since 2002. Former Federal Reserve
Chairman Alan Greenspan yesterday predicted higher market rates
for Treasuries and emerging market debt.
Read more at Bloomberg Bonds News
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