(Bloomberg) -- The yield on two-year Treasury notes held near the highest in four weeks before a government report that is expected to show consumer prices rose last month, reducing the scope for the Federal Reserve to cut interest rates.
Treasuries fell after Federal Reserve Bank of Dallas President Richard Fisher said yesterday he expects growth to pick up in coming quarters. A report today will show so-called core inflation, which excludes volatile items such as food and energy, accelerated to 0.2 percent last month from 0.1 percent in March, according to a Bloomberg News survey of economists.
Read more at Bloomberg Bonds News
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