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U.S. yields at 10-month high on China report; S&P 500 snaps rally

Reuters  |  NEW YORK 

By Caroline ValetkevitchNEW YORK (Reuters) - U.S. Treasury yields hit 10-month peaks as investors worried that China would slow U.S. government bond purchases, but they retraced to end nearly unchanged on Wednesday, and the S&P 500 stock index snapped its six-day rally.The Bloomberg News report that China, the world's biggest holder of U.S. Treasuries, could slow or stop buying the government bonds also pushed the U.S. dollar to a more than six-week low against the Japanese yen.The dollar rose against its Canadian counterpart and Mexico's peso after a Reuters report said Canada increasingly ...

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First Published: Thu, January 11 2018. 04:40 IST