Thursday, 12 July 2007

NEXT UP-Rising oil prices seen supporting U.S. TIPS sales

(Reuters) - The U.S. Treasury Department will sell $8 billion of
10-year Treasury Inflation-Protection Securities on
Thursday, plus an estimated $5 billion in 20-year TIPS later
this month. In July 2006, it sold $17 billion in 10-year and
20-year TIPS.




Crude prices climbed above $76 a barrel in London,
an 11-month high, prompted by robust worldwide demand and news
that OPEC saw no need right now to produce more oil.


Read more at Reuters.com Bonds News

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