(Reuters) - NEW YORK, June 13 - U.S. Treasury debt prices
rose on Wednesday on short covering, but benchmark yields
stayed near five-year highs as strong economic data raised the
prospect that the Federal Reserve may increase interest rates.
Short-sellers, who bet on falling prices, bought back bonds
and took profits after strong data on consumer spending failed
to push up yields to new multiyear highs, analysts said.
Read more at Reuters.com Bonds News
rose on Wednesday on short covering, but benchmark yields
stayed near five-year highs as strong economic data raised the
prospect that the Federal Reserve may increase interest rates.
Short-sellers, who bet on falling prices, bought back bonds
and took profits after strong data on consumer spending failed
to push up yields to new multiyear highs, analysts said.
Read more at Reuters.com Bonds News
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