Treasuries Little Changed as Index Shows Accelerating U.S. Factory Growth

(Bloomberg) -- Treasuries were little changed as a
private index showed U.S. manufacturing growth accelerated last
month to the highest in 14 months.

``Despite the move higher in rates and wider spreads and
increased capital costs, the economy is still showing signs of
strength,'' said James Caron, head of U.S. interest rate
strategy in New York at Morgan Stanley. ``The economy isn't
falling apart even with higher rates.''


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