(Reuters) - NEW YORK, June 5 - U.S. Treasury debt prices sank
on Tuesday, as data showing unexpected strength in the service
sector supported the view of a rebound in second-quarter growth
and sent short-term yields to 5 percent.
A strengthening economy probably would deter the Federal
Reserve from cutting interest rates this year, a growing view
that led to heavy selling of Treasury debt in recent weeks.
Read more at Reuters.com Bonds News
on Tuesday, as data showing unexpected strength in the service
sector supported the view of a rebound in second-quarter growth
and sent short-term yields to 5 percent.
A strengthening economy probably would deter the Federal
Reserve from cutting interest rates this year, a growing view
that led to heavy selling of Treasury debt in recent weeks.
Read more at Reuters.com Bonds News
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