Tuesday, June 19, 2007

Bonds rise on sluggish housing starts data

(Reuters) - Benchmark bond yields, which move inversely to prices, slipped to their lowest levels in a week, as weaker stocks and gains in Bunds also enticed Treasury investors, 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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