(Bloomberg) -- U.S. 10-year notes rose for a second
day before an industry report that's expected to show home
resales fell to the lowest since June 2003 last month.
Treasuries last week had their first weekly advance since
early May on speculation a U.S. housing slump will lead to slower
economic growth and inflation. Futures contracts show traders see
a 28 percent chance the Federal Reserve will lower its target a
quarter percentage point by the end of the year, compared with
zero percent a week ago.
Read more at Bloomberg Bonds News
day before an industry report that's expected to show home
resales fell to the lowest since June 2003 last month.
Treasuries last week had their first weekly advance since
early May on speculation a U.S. housing slump will lead to slower
economic growth and inflation. Futures contracts show traders see
a 28 percent chance the Federal Reserve will lower its target a
quarter percentage point by the end of the year, compared with
zero percent a week ago.
Read more at Bloomberg Bonds News
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