Tuesday, July 3, 2007

U.S. Treasury Notes Decline as Gains in Stocks Reduce Demand for Safety

(Bloomberg) -- U.S. 10-year Treasury notes fell as
the Dow Jones Industrial Average's biggest gain in almost three
weeks reduced demand for the relative safety of government debt.

Bonds snapped a two-day rally after the Nasdaq Composite
Index of shares closed at the highest in six years, overcoming
concern spurred by terrorist plots in the U.K. last weekend. Ten-
year yields climbed above 5 percent as shares also gained in
China, Hong Kong and South Korea.


Read more at Bloomberg Bonds News

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