Short-term Treasury prices declined yesterday when a newspaper article reawakened speculation that the Federal Reserve will raise short-term rates.

The market bounced off its lows when a surprisingly weak May durable goods report offset the talk of a Fed tightening, but short-term prices never completely erased their initial losses.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.