Friday, June 15, 2007

TREASURIES-Bonds surge as underlying inflation improves

(Reuters) - NEW YORK, June 15 - U.S. Treasury debt prices
surged higher on Friday after tame data on underlying inflation
eased concerns over the potential for Federal Reserve rate
hikes.




Softer-than-expected figures on U.S. industrial output,
capacity utilization and consumer sentiment also contributed to
the firmer tone in bond prices, which pulled benchmark yields
back further from five-year peaks hit on Wednesday.


Read more at Reuters.com Bonds News

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