Friday, July 13, 2007

TREASURIES-Bonds flat as sentiment, stocks trump retail data

(Reuters) - NEW YORK, July 13 - U.S. government debt prices
traded little changed on Friday after a robust reading on
consumer sentiment and the stock market's gains offset a
surprisingly weak report on U.S. retail sales.




The Commerce Department's June retail sales data hinted
that the slipping housing sector was taking a toll on
consumers, but a higher-than-expected July Reuters/University
of Michigan consumer sentiment reading appeared to signal the
economy was more resilient than previously thought.


Read more at Reuters.com Bonds News

No comments: