(Reuters) - NEW YORK, May 31 - U.S. government bond prices
suffered their biggest fall in a week on Thursday after robust
economic data further diminished expectations of an official
interest rate cut by year-end.
The drop pushed benchmark 10-year note yields above 4.91
percent, their highest in nine months. The move came after a
strong reading of Midwest business activity prompted a dramatic
reduction in the probability for even a single rate cut in
2007.
Read more at Reuters.com Bonds News
suffered their biggest fall in a week on Thursday after robust
economic data further diminished expectations of an official
interest rate cut by year-end.
The drop pushed benchmark 10-year note yields above 4.91
percent, their highest in nine months. The move came after a
strong reading of Midwest business activity prompted a dramatic
reduction in the probability for even a single rate cut in
2007.
Read more at Reuters.com Bonds News
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