While you were sleeping: US rate bets firm

Thu, 27 Oct 2016

By Margreet Dietz Oct. 28 (BusinessDesk) - Wall Street was mixed, while US Treasuries slid, as the latest economic data cemented bets the Federal Reserve will raise its key interest rate in December. Yields on the 10-year Treasury note rose six basis points to 1.86 percent in afternoon trading in New York. "People are starting to look at interest rates and where they are, and they are getting a little nervous," Charles Comiskey, head of Treasury trading in New York at Bank of Nova Scotia, one of 23 primary dealers that trade with the...

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