Treasuries fall amid favourable economic data

Source: Bloomberg
© Scanpix/RS
U.S. Treasuries declined on Monday pushing the benchmark 10-year yields towards the highest level in a two-month period on speculation that Federal Reserve may begin reducing its bond purchases amid favourable economic data. 10-year bonds yielded at 1.98% as of 6:08 a.m. in New York after they rose five basis points last week to 1.98%, the highest level since March 15.

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