(Bloomberg) -- U.S. Treasuries may rise on
speculation yields near a nine-month high of 5 percent will
attract buyers.
The notes rose yesterday, pushing two-year yields to 5
percent and those on the 10 year to 4.99 percent, as a report
showed U.S. service industries last month grew at the fastest
pace since April 2006. Goldman Sachs Group Inc. said yesterday
that it no longer expects the Federal Reserve to lower borrowing
costs this year and revised its economic growth forecast higher.
Read more at Bloomberg Bonds News
speculation yields near a nine-month high of 5 percent will
attract buyers.
The notes rose yesterday, pushing two-year yields to 5
percent and those on the 10 year to 4.99 percent, as a report
showed U.S. service industries last month grew at the fastest
pace since April 2006. Goldman Sachs Group Inc. said yesterday
that it no longer expects the Federal Reserve to lower borrowing
costs this year and revised its economic growth forecast higher.
Read more at Bloomberg Bonds News
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