A rally in US Treasuries lost momentum on the final trading day of June, with yields extending their climb in the last hour of trading when bond indexes rebalanced.
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(Bloomberg) — A rally in US Treasuries lost momentum on the final trading day of June, with yields extending their climb in the last hour of trading when bond indexes rebalanced.
Longer-maturity yields rose at least 10 basis points on the day, capping a week that was marked by accelerating inflation overseas and currency-market fireworks. The calendar-driven spike extended a rebound from the session lows seen after an ebb in the Federal…
