Monday, July 16, 2007

Treasuries Little Changed Before Report That May Show Foreign Demand Waned

(Bloomberg) -- Treasury notes were little changed
before a government report that economists said will show waning
demand for U.S. securities from investors outside the nation.

A two-day slide in yields has pushed 10-year rates to about
20 basis points less than the Federal Reserve's target for
overnight bank lending. Two-year yields are 38 basis points
below the target, too low for traders betting the Fed will
refrain from reducing interest rates this year.


Read more at Bloomberg Bonds News

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