Treasury Yields Trade Near Three-Month Highs on Fed Interest Rate Outlook

(Bloomberg) -- Treasury yields traded near the
highest levels in three months on speculation the Federal
Reserve will refrain from cutting interest rates this year.

Federal Reserve Bank of Richmond President Jeffrey Lacker
said it's the central bank's responsibility to curb inflation
and it would be a mistake to rely on a slowing economy to stem
price increases. Ten-year yields have risen almost 20 basis
points over the past two weeks on signs of strength in the
world's largest economy.


Read more at Bloomberg Bonds News