Thursday, 21 June 2007

Treasuries Little Changed Before Fed Report Expected to Show Factory Gain

(Bloomberg) -- Treasuries were little changed
before a Federal Reserve report forecast by economists to show a
pickup in manufacturing that may trigger faster inflation.

Benchmark 10-year notes have underperformed two-year debt,
signaling investors expect higher consumer prices. About $27
billion of U.S. corporate bond sales so far this week by
companies including Home Depot Inc. and First Data Corp. also
weighed on Treasuries.


Read more at Bloomberg Bonds News

No comments: