Treasuries Slump Amid Strong GDP Report

The stronger-than-expected first quarter GDP report killed off hopes for a bond recovery -- and further rate cuts by the Fed

Treasury prices stayed under pressure Friday after the stronger-than-expected GDP data quashed hopes that the Federal Reserve will cut interest rates again. The yield on the benchmark 10-year note jumped 14 basis points 5.33 percent, the highest level since Dec. 12.

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