Thursday, July 5, 2007

Treasuries Little Changed; Increase in June Jobs Report May Boost Spending

(Bloomberg) -- U.S. 10-year Treasury yields held near
a two-week high before a government report that economists say
will show jobs growth is strong enough to keep the Federal
Reserve from cutting interest rates.

The notes may extend yesterday's biggest loss in three weeks
after private reports showed U.S. employment increased and growth
in services industries quickened. Janet Yellen, head of the Fed
Bank of San Francisco, said economic indicators have been
``robust,'' including ``steadily'' increasing payrolls, in a
speech via satellite to a conference in Singapore.


Read more at Bloomberg Bonds News

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