(Bloomberg) -- Treasuries snapped a seven-day run
of gains as European shares and U.S. stock futures rebounded
before a report that's expected to show faster economic growth.
Bonds also pared a third weekly advance as technical charts
suggested the rally has been too rapid and some investors said a
U.S. housing slump won't prompt the Federal Reserve to cut
interest rates. The Commerce Department will probably say the
economy expanded at an annualized 3.2 percent pace, the fastest
in more than a year, according to a Bloomberg survey.
Read more at Bloomberg Bonds News
of gains as European shares and U.S. stock futures rebounded
before a report that's expected to show faster economic growth.
Bonds also pared a third weekly advance as technical charts
suggested the rally has been too rapid and some investors said a
U.S. housing slump won't prompt the Federal Reserve to cut
interest rates. The Commerce Department will probably say the
economy expanded at an annualized 3.2 percent pace, the fastest
in more than a year, according to a Bloomberg survey.
Read more at Bloomberg Bonds News
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