U.S. 10-Year Treasury Yield Is Near Two-Week High Before Bernanke Speech

(Bloomberg) -- U.S. 10-year Treasury yields held
near their highest in two weeks on speculation Federal Reserve
Chairman Ben S. Bernanke will say inflation is still a concern
when he speaks tomorrow.

Inflation expectations among traders rose for a third day.
Ten-year notes yielded 2.41 percentage points more than
inflation-protected securities, versus 2.39 percentage points a
week ago. The difference represents the rate of inflation
investors expect for the coming decade.


Read more at Bloomberg Bonds News