Wednesday, 06 June 2007

Two-Year Treasury Notes Attract Investors With Yield Near Nine-Month High

(Bloomberg) -- U.S. Treasuries maturing in two years
rose as yields near the highest in nine months attracted
investors after more than four weeks of losses.

The two-year security's yield touched 5 percent for the
first time since August yesterday as futures traders reversed
bets the Federal Reserve would lower interest rates this year.
Sandra Pianalto, president of the Fed's Cleveland Bank, said U.S.
inflation is faster than she'd like.


Read more at Bloomberg Bonds News

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