Thursday, July 12, 2007

Treasuries Little Changed on Evidence of Slump in U.S. Housing Industry

(Bloomberg) -- Treasuries were little changed on
additional evidence weakness in the housing market may curb
economic expansion.

The number of U.S. properties in foreclosure climbed 87
percent last month from a year earlier, according to RealtyTrac,
a seller of foreclosure data. Interest-rate swap trading
suggested investors remained concerned over higher borrowing
costs for companies.


Read more at Bloomberg Bonds News

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