Friday, June 15, 2007

Treasuries Rise as Easing Inflation Boosts Appeal of Higher 10-Year Yields

(Bloomberg) -- Treasuries advanced as a measure of
consumer prices rose less than forecast last month, increasing
the appeal of 10-year yields near a five-year high.

The gains pared the notes' sixth straight weekly decline, a
drop driven primarily by speculation that accelerating global
growth will divert foreign money from Treasuries to riskier,
potentially more lucrative investments.


Read more at Bloomberg Bonds News

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