All eyes are on the bond market and interest rates ..."The next...

All eyes are on the bond market and interest rates ...

"The next test of the US Treasury’s issuance program looms on Thursday with the sale of $11bn in 30-year bonds. An auction of 30-year bonds last month went badly as investors signalled their concerns about the budget deficit."

----------------------------------------------------------

Surge in US bond yields sparks concern
By Michael Mackenzie and Alan Rappeport in New York and David Oakley in London

Published: June 10 2009 20:23 | Last updated: June 10 2009 21:45

US long-term interest rates rose to the highest level of the year on Wednesday, threatening the “green shoots” of recovery, after the latest sale of 10-year government debt met with a tepid response from inflation-wary investors.

...

http://www.ft.com/cms/s/0/68ca2d04-55f2-11de-ab7e-00144feabdc0.html