Wednesday, June 27, 2007

Treasuries Extend Advance as Durable Goods Orders Drop More Than Forecast

(Bloomberg) -- Treasuries extended their gains
after a Commerce Department report showed orders for durable
goods dropped last month more than economists forecast.

``It supports the notion the economy isn't going
great,'' said David Coard, head of fixed-income trading in New
York at Williams Capital Group. There's ``a better bid in the
market.''


Read more at Bloomberg Bonds News

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