(Reuters) - The yield on the benchmark 10-year Treasury note
began April near 4.65 percent and ended at 5.04
percent on the second quarter's last trading day on Friday,
marking the biggest setback for bonds since the first quarter
of 2006. Bond yields move inversely to prices.
"We have had some stronger economic numbers, and the market
realized that the Fed is not going to be easing any time soon,"
said Joseph Shatz, government bond strategist at Merrill Lynch
Government Securities in New York.
Read more at Reuters.com Bonds News
percent on the second quarter's last trading day on Friday,
marking the biggest setback for bonds since the first quarter
of 2006. Bond yields move inversely to prices.
"We have had some stronger economic numbers, and the market
realized that the Fed is not going to be easing any time soon,"
said Joseph Shatz, government bond strategist at Merrill Lynch
Government Securities in New York.
Read more at Reuters.com Bonds News
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