Wednesday, 21 March 2012 01:32
NEW YORK: US Treasury debt prices posted modest gains on Tuesday, but selling still pushed some yields to multimonth highs as traders focused on the idea that a stronger economy could mean quicker inflation and monetary policy tightening sooner than expected.
Price losses were limited, however, and gains returned to the longest-dated US debt - 10-year notes and 30-year bonds.
Recent data has revealed slightly more strength in the US economy than many economists were expecting. While ...