(Bloomberg) -- U.S. Treasuries headed for the biggest
weekly decline since March 2005 as traders scaled back bets for a
cut in interest rates by the Federal Reserve this year.
Ten-year U.S. note yields, which move inversely to price,
rose to an 11-month high as Asian stock markets slumped. New
Zealand two-year government bonds fell for a sixth day after the
central bank this week raised borrowing costs to a record high.
German bunds also declined after the European Central Bank lifted
its rate.
Read more at Bloomberg Bonds News
weekly decline since March 2005 as traders scaled back bets for a
cut in interest rates by the Federal Reserve this year.
Ten-year U.S. note yields, which move inversely to price,
rose to an 11-month high as Asian stock markets slumped. New
Zealand two-year government bonds fell for a sixth day after the
central bank this week raised borrowing costs to a record high.
German bunds also declined after the European Central Bank lifted
its rate.
Read more at Bloomberg Bonds News
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