(Reuters) - Benchmark bond yields had hit seven-week lows in offshore
trade but struggled since it became clear that Wall Street
would recoup losses suffered during Tuesday's steep fall.
Double click on [.N] for latest on stocks.
Although housing worries were the driver of Tuesday's stock
market selloff and bond rally, the Treasury market shrugged off
unexpectedly sharp fall in existing home sales during June.
Dealers said investors needed to see signs that the housing
bust was spreading to the broader economy.
Read more at Reuters.com Bonds News
trade but struggled since it became clear that Wall Street
would recoup losses suffered during Tuesday's steep fall.
Double click on [.N] for latest on stocks.
Although housing worries were the driver of Tuesday's stock
market selloff and bond rally, the Treasury market shrugged off
unexpectedly sharp fall in existing home sales during June.
Dealers said investors needed to see signs that the housing
bust was spreading to the broader economy.
Read more at Reuters.com Bonds News
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