Treasuries Drop, Pushing Yields to Near Three-Month Highs on U.S. Economy

(Bloomberg) -- Treasuries fell, pushing two-year
yields to near three-month highs on expectations reports this
week will show the U.S. economy is gathering momentum.

Yields on the notes, the most sensitive to changes in
interest-rate expectations, have risen 8 basis points in the
past week as traders reduced bets the Federal Reserve will cut
interest rates this year. Richmond Fed President Jeffrey Lacker
said today he is still worried about inflation.


Read more at Bloomberg Bonds News