First Data says buyout is on track

(Reuters) - The buyout is on track to close in the third quarter, Chairman and Chief Executive Ric Duques said on a conference call.




First Data agreed in April to sell itself to Kohlberg Kravis Roberts & Co. for $34 a share, but difficult conditions in the debt markets have made investors increasingly skeptical about whether the deal will close on time at that price.


Read more at Reuters.com Market News

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