(Bloomberg) -- Treasuries fell, pushing the benchmark
10-year note's yield to the highest level since August, after a
private-sector survey showed U.S. service industry expansion last
month reached the highest in more than a year.
The yield on the 10-year note rose more than 4 basis points,
or 0.04 percentage point, to 4.97 percent at 10:29 a.m. in New
York, according to bond broker Cantor Fitzgerald LP. It was the
highest since reaching 5 percent on Aug. 15. The price of the 4
1/2 percent security due in May 2017 declined 11/32, or $3.44 per
$1,000 face amount, to 96 10/32.
Read more at Bloomberg Bonds News
10-year note's yield to the highest level since August, after a
private-sector survey showed U.S. service industry expansion last
month reached the highest in more than a year.
The yield on the 10-year note rose more than 4 basis points,
or 0.04 percentage point, to 4.97 percent at 10:29 a.m. in New
York, according to bond broker Cantor Fitzgerald LP. It was the
highest since reaching 5 percent on Aug. 15. The price of the 4
1/2 percent security due in May 2017 declined 11/32, or $3.44 per
$1,000 face amount, to 96 10/32.
Read more at Bloomberg Bonds News
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