Treasury Yields Trade Near Four-Week High as Data Reduce Bets on Rate Cut

(Bloomberg) -- Treasuries were little changed, with yields of 10- and two-year notes trading near four-week highs on signs of strength in the U.S. economy.

Futures traders reduced bets on a cut in borrowing costs by the Federal Reserve as a government report suggested the housing slump may be moderating and Fed data showed industrial output increased more than economists forecast. The central bank held its benchmark rate steady at its policy meeting last week, saying inflation remains the ``predominant'' economic risk.


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