Thursday, June 14, 2007

Bonds fall on mortgage selling, oil's surge

(Reuters) - Treasuries gave up the gains that resulted from Asian buying and benign comments on inflation by Chicago Federal Reserve President Michael Moskow as bids were awarded for the $4 billion sale of mortgage bonds by a Bear Stearns hedge fund, analysts said.




Bonds also were hurt by a surge in U.S. crude oil futures to a nine-month high, which added to lingering inflation worries.


Read more at Reuters.com Hot Stocks News

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