Thursday, July 5, 2007

US STOCKS-Futures flat as rate worries offset M&A

(Reuters) - NEW YORK, July 5 - Wall Street was set to open
little changed on Thursday as rising bond yields fueled concern
about higher borrowing costs, offsetting news of a $20 billion
buyout of Hilton Hotels Corp.




Yields rose after stronger-than-expected data on the jobs
market gave a boost to forecasts for Friday's non-farm payrolls
report. The yield on the benchmark 10-year Treasury note
rose to 5.10 percent from 5.05 percent late on
Tuesday.


Read more at Reuters.com Bonds News

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