(Bloomberg) -- U.S. Treasuries were little changed
before a government report that will probably show retail sales
declined last month, suggesting a housing slump and higher fuel
costs are contributing to weaker economic growth.
Standard & Poor's and Moody's Investors Service prompted
the biggest surge in Treasuries in more than four months on July
10 after they warned about the credit quality of U.S. subprime
mortgages. Benchmark 10-year notes have pared their gains in the
past two days as a rebound in global stock markets eased demand
for less risky assets such as government debt.
Read more at Bloomberg Bonds News
before a government report that will probably show retail sales
declined last month, suggesting a housing slump and higher fuel
costs are contributing to weaker economic growth.
Standard & Poor's and Moody's Investors Service prompted
the biggest surge in Treasuries in more than four months on July
10 after they warned about the credit quality of U.S. subprime
mortgages. Benchmark 10-year notes have pared their gains in the
past two days as a rebound in global stock markets eased demand
for less risky assets such as government debt.
Read more at Bloomberg Bonds News
No comments:
Post a Comment