(Reuters) - Analysts said the 30-year government bond's advance towards
5 percent had triggered modest buying, helping to pull
benchmark yields back from 3-1/2 month highs.
"We saw a little bit of short-covering and dip buying
especially after the 30-year bond challenged the 5 percent
level. The market is consolidating and licking its wounds,"
said Kim Rupert, head of global fixed income analysis at Action
Economics in San Francisco.
Read more at Reuters.com Bonds News
5 percent had triggered modest buying, helping to pull
benchmark yields back from 3-1/2 month highs.
"We saw a little bit of short-covering and dip buying
especially after the 30-year bond challenged the 5 percent
level. The market is consolidating and licking its wounds,"
said Kim Rupert, head of global fixed income analysis at Action
Economics in San Francisco.
Read more at Reuters.com Bonds News
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