Recovery put in jeopardy by surging U.S. Treasury yields

05/28/2009 | Financial Times (free content)

A spike in Treasury yields threatens to drive up an array of business and consumer interest rates and take the steam out of the shaky beginnings of a U.S. economic recovery. The benchmark 10-Treasury security was yielding 3.74% this year after delivering a meager 2.1% yield in December. Traders doubted the Federal Reserve could have much impact on the yield through its purchasing of Treasuries.

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