Treasury 10-Year Note Yield Is Near Two-Week High Before Bernanke Speech

(Bloomberg) -- U.S. 10-year Treasury yields held
near their highest in two weeks on speculation Federal Reserve
Chairman Ben S. Bernanke will say inflation is still a concern
when he speaks tomorrow.

Bonds may extend declines that pushed yields up last week
by the most in more than a year. Inflation expectations gauged
by the gap between yields on regular Treasuries and inflation-
protected notes rose for a third day. Lehman Brothers Holdings
Inc., Morgan Stanley and RBS Greenwich Capital estimate 10-year
notes won't return enough this year to cover rising inflation.


Read more at Bloomberg Bonds News