U.S. Treasury debt yields rose across the board on Tuesday on growing expectations the Federal Reserve could change the language in its next monetary policy statement to flag a possible rate increase as early as June.
U.S. 30-year bond and 10-year note yields climbed to seven-week peaks on reports that Greece intends to ask for an extension of a loan agreement tomorrow, sources with knowledge of the matter told Reuters.
Yields on U.S. 7-year and 5-year notes also touched their highest levels since early January. With the latest sell-off on Tuesday, Treasurys will effectively have given back all of their monster gains in January, when the Merrill Treasury index gained 2.8 percent in its best month since the crisis days in December 2008.
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