(Bloomberg) -- Treasuries fell as new claims for
unemployment insurance benefits unexpectedly declined to a two-
month low, a sign a strong labor market is helping the U.S.
economy weather a slump in housing.
The benchmark 10-year note's yield yesterday traded below 5
percent before closing above that level for the third time in
three weeks as investors demanded higher returns. Rising global
stocks suggested yields may rise further to compete with other
investments.
Read more at Bloomberg Bonds News
unemployment insurance benefits unexpectedly declined to a two-
month low, a sign a strong labor market is helping the U.S.
economy weather a slump in housing.
The benchmark 10-year note's yield yesterday traded below 5
percent before closing above that level for the third time in
three weeks as investors demanded higher returns. Rising global
stocks suggested yields may rise further to compete with other
investments.
Read more at Bloomberg Bonds News
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