Friday, July 6, 2007

Treasury Bonds Decline After U.S. Adds More Jobs Than Forecast Last Month

(Bloomberg) -- U.S. Treasuries fell, pushing yields
on benchmark 10-year notes to the highest in two weeks, after a
government report showed the economy created more jobs than
forecast last month.

Employers added 132,000 workers to payrolls, wages grew and
the unemployment rate held near a six-year low, signaling the job
market will continue to sustain growth and prevent the Federal
Reserve from cutting interest rates this year.


Read more at Bloomberg Bonds News

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