Thursday, May 31, 2007

U.S. Notes Are Little Changed as Monthly Rebalancing May Boost Treasuries

(Bloomberg) -- U.S. Treasuries were little changed
with benchmark 10-year note yields near their highest levels of
the year amid signs the economy is rebounding from a first-
quarter slowdown.

Traders pared bets the Federal Reserve will cut interest
rates this year as stock-index futures indicated U.S. equities
may extend an advance that yesterday pushed the Standard & Poor's
500 Index to a record. Treasuries may benefit later today from
the monthly rebalancing of bond indexes to include securities
issued during the month.


Read more at Bloomberg Bonds News

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