(Bloomberg) -- U.S. Treasuries fell the most in
almost two weeks, pushing the benchmark 10-year note's yield to
its highest level of this year, after a measure of business
activity rose more than forecast in May.
Expectations the Federal Reserve will cut interest rates
this year fell to the lowest since last July as the National
Association for Purchasing Management-Chicago report indicated
the economy is rebounding from a first-quarter slowdown. U.S.
equities extended an advance that yesterday pushed the Standard &
Poor's 500 Index to a record.
Read more at Bloomberg Bonds News
almost two weeks, pushing the benchmark 10-year note's yield to
its highest level of this year, after a measure of business
activity rose more than forecast in May.
Expectations the Federal Reserve will cut interest rates
this year fell to the lowest since last July as the National
Association for Purchasing Management-Chicago report indicated
the economy is rebounding from a first-quarter slowdown. U.S.
equities extended an advance that yesterday pushed the Standard &
Poor's 500 Index to a record.
Read more at Bloomberg Bonds News
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