Treasury Note Yields Climb Most Since March 2006 on Job, Production Growth

(Bloomberg) -- Yields on benchmark 10-year Treasury
notes increased the most in more than a year after reports
showed better-than-expected gains in employment, manufacturing
and service industries.

Government statistics next week are expected to show a
rebound in consumer confidence and that weekly claims for
jobless benefits remain at a level indicating strength in the
labor market. Interest-rate futures show traders pared bets the
Federal Reserve will cut interest rates this year.


Read more at Bloomberg Bonds News