Tuesday, June 19, 2007

Bonds rally as data support weak housing view

(Reuters) - Benchmark bond yields, which move inversely to prices, slipped to their lowest levels in a week as weaker stocks and gains in euro zone government bonds also attracted investors to Treasuries, analysts said.




"What is helping the Treasury market is this idea that housing is remaining a very big risk to the economy. The figures today in many eyes reinforce that," said Tony Crescenzi, chief bond market strategist with Miller, Tabak & Co. in New York.


Read more at Reuters.com Hot Stocks News

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