Treasury 10-Year Yield Rises to Highest Since January on New-Home Sales

(Bloomberg) -- Treasuries fell, pushing yields
on benchmark 10-year notes to the highest level since
January, on a sign of housing strength and comments from
Federal Reserve policy makers that inflation remains their
primary concern.

Futures traders pared bets this week that the central
bank will lower interest rates after a government report
showed the biggest rise in new-home sales in 14 years.
Richmond Fed President Jeffrey Lacker said investors may be
underestimating the central bank's resolve to lower
inflation.


Read more at Bloomberg Bonds News