(Bloomberg) -- U.S. Treasuries were little changed,
following a three-day gain, on expectations a housing slump will
keep the Federal Reserve from raising interest rates.
Notes had the longest winning streak in two months after a
Commerce Department report yesterday showed home construction
fell for the first time in four months in May as borrowing costs
rose. A private report today on mortgage applications may
compound expectations a cooling property market will dent
economic growth.
Read more at Bloomberg Bonds News
following a three-day gain, on expectations a housing slump will
keep the Federal Reserve from raising interest rates.
Notes had the longest winning streak in two months after a
Commerce Department report yesterday showed home construction
fell for the first time in four months in May as borrowing costs
rose. A private report today on mortgage applications may
compound expectations a cooling property market will dent
economic growth.
Read more at Bloomberg Bonds News
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