Shorter Treasurys Sag.

The article reports on the decline in prices of short-term Treasury notes on June 9, 2008 in the U.S. due to concerns that the rising inflation could lead to higher interest rates. The decline also reduced the yield curve of the Treasury. The most affected were the two- and five-year notes. The concerns arose after the U.S. and euro-zone officials said that they will increase the interest rates due to the rising global inflation.