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.


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Global trade round talks on goods seen blocked

(Reuters) - Major global trade talks on cutting goods tariffs were reported blocked on Friday, heightening gloom among negotiators over prospects for a successful outcome to the World Trade Organisation's Doha Round.

Trade sources and diplomats said talks over the past few days on the goods dossier, known by the acronym NAMA, had shown no movement towards closing the gap between developed and developing countries.


Read more at Reuters Africa

European Government Notes Drop for Third Week as Consumer Confidence Rises

(Bloomberg) -- European two-year government notes
logged a third weekly drop after a report added to evidence of
optimism among consumers in Europe's largest economy.

Benchmark two-year yields held near the highest in five
years after a report showed German consumer confidence rose to a
five-month high in June as households raised their income
expectations due to an improved economic outlook. Futures
trading shows investors are adding to bets the European Central
Bank will increase interest rates at least twice more this year.


Read more at Bloomberg Bonds News