Wednesday, May 30, 2007

Treasuries Increase After May Job Growth Is Less Than Forecast in the U.S.

(Bloomberg) -- U.S. Treasuries rose the most in
almost three weeks after a report showed private-sector job
growth was less than forecast this month.

Lehman Brothers Holdings Inc. and Action Economics are among
firms that lowered expectations for job growth two days before
the Labor Department's employment report for May. Futures traders
raised bets the Federal Reserve may lower borrowing costs if
employment growth slows.


Read more at Bloomberg Bonds News

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