Treasuries Advance as Report Shows Homebuilder Confidence Declined in June

(Bloomberg) -- Treasuries advanced, pushing 10-year
yields down from near the highest in five years, as an industry
report showed confidence among U.S. homebuilders dropped this
month to the lowest since February 1991.

Traders said the rise in yields over the past three months
will only prolong the housing slump. A Commerce Department
report tomorrow is forecast by economists to signal housing
construction fell to a four-month low.


Read more at Bloomberg Bonds News