Monday, July 2, 2007

U.S. Treasury Notes Decline as Gains in U.S. Stocks Ease Demand for Safety

(Bloomberg) -- Ten-year Treasury notes fell,
snapping two days of gains, after an advance in U.S. stocks
eased demand for the relative safety of government securities.

The yield on the benchmark 10-year note rose 2 basis points
to 5.01 percent as of 9:14 a.m. in Singapore, according to bond
broker Cantor Fitzgerald LP. The price of the 4 1/2 percent
security due in May 2017 fell 1/8, or $1.25 per $1,000 face
amount, to 96 3/32. A basis point is 0.01 percentage point.


Read more at Bloomberg Bonds News

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