(Bloomberg) -- Treasuries dropped, pushing yields to
the highest level in almost four months, as a government report
showed new-home sales rose in April the most in 14 years.
The report added to evidence the Federal Reserve will not
need to cut its target rate for overnight loans between banks
this year. Fed funds futures traders reduced bets on a rate cut
in September to 9 percent, down from 51 percent odds May 16.
Read more at Bloomberg Bonds News
the highest level in almost four months, as a government report
showed new-home sales rose in April the most in 14 years.
The report added to evidence the Federal Reserve will not
need to cut its target rate for overnight loans between banks
this year. Fed funds futures traders reduced bets on a rate cut
in September to 9 percent, down from 51 percent odds May 16.
Read more at Bloomberg Bonds News
No comments:
Post a Comment