Thursday, June 14, 2007

TREASURIES-Bonds steady to lower ahead of producer price data

(Reuters) - The relatively slim move in prices marked a pause from the volatile trade of the past two weeks, when expectations of pressure from higher interest rates globally had traders slashing U.S. bond prices and pushing yields to the highest since 2002.




Although the selling has been fairly relentless, buyers did step in on Wednesday to take advantage of cheap prices despite data showing much stronger-than-expected retail sales last month.


Read more at Reuters.com Bonds News

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