(Reuters) - Still, gains were tentative amid signs of a strengthening
economy. Data on factory orders had little effect but upward
revisions to April durable goods did confirm a pick up in
business investment early in the second quarter.
The past month has been tough for Treasuries, with yields
climbing as much as 40 basis points as improving economic data
prompted investors to pare back expectations for the Federal
Reserve to cut interest rates.
Read more at Reuters.com Bonds News
economy. Data on factory orders had little effect but upward
revisions to April durable goods did confirm a pick up in
business investment early in the second quarter.
The past month has been tough for Treasuries, with yields
climbing as much as 40 basis points as improving economic data
prompted investors to pare back expectations for the Federal
Reserve to cut interest rates.
Read more at Reuters.com Bonds News
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