U.S. 10-Year Treasury Yield Is Near Two-Week High on Inflation Outlook

(Bloomberg) -- U.S. 10-year Treasury yields held
near their highest in two weeks on speculation increasing
employment and wages will keep the Federal Reserve from
cutting interest rates this year.

Inflation expectations among traders rose for a third
day. Ten-year notes yielded 2.41 percentage points more than
inflation-protected securities, versus 2.39 percentage points
a week ago. The difference represents the rate of inflation
investors expect for the coming decade.


Read more at Bloomberg Bonds News