(Reuters) - LONDON, June 13 - Expectations of higher global
interest rates pushed U.S. government bonds to five-year lows on
Wednesday, dragging stocks down but lifting the dollar to a
4-1/2 year high against the low-yielding yen.
Yields on benchmark 10-year Treasury notes
spiked as high as 5.31 percent in Asian trade, their highest
since 2002 and above the fed funds rate target of 5.25 percent.
Read more at Reuters.com Economic News
interest rates pushed U.S. government bonds to five-year lows on
Wednesday, dragging stocks down but lifting the dollar to a
4-1/2 year high against the low-yielding yen.
Yields on benchmark 10-year Treasury notes
spiked as high as 5.31 percent in Asian trade, their highest
since 2002 and above the fed funds rate target of 5.25 percent.
Read more at Reuters.com Economic News
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