Thursday, 17 May 2007

U.S. Treasuries May Gain as Yields at One-Month High Spur Investor Demand

(Bloomberg) -- U.S. Treasury notes may rise for the first time in six days on speculation 10-year yields at their highest in a month will attract some investors.

The yield climbed to 4.76 percent yesterday, a level seen only three times in the past three months. Investors from Asia have tended to increase purchases as the yield approached 4.75 percent over the past few days, said Adam MacKillop, a U.S. fixed-income trader at Barclays Capital Japan Ltd. in Tokyo.


Read more at Bloomberg Bonds News

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