Tax cut » US 10-yr Treasury yield hits new 5-½ month high

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US 10-yr Treasury yield hits new 5-½ month high
Dec-07-2010 ---TOKYO - The yield on 10-year US Treasuries rose above 3.18 percent in Asia on Wednesday, hitting its highest level since late June, as a sell-off continued after a proposed extension of tax cuts boosted optimism towards the US economy.
TREASURIES-Soft in Asia, 10-year yield at 50 pct retracement US Dollar Higher as Bond Yields Rise; Aussie Falls
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