(Bloomberg) -- U.S. Treasuries were little changed,
with two-year yields near their lowest since May, before reports
that are forecast to show consumer confidence fell to a 10-month
low in June and new home sales also declined.
Benchmark 10-year debt slipped for a second day yesterday as
investors sought the safety of government debt on concern hedge
fund losses on bets linked to subprime mortgages will become
widespread. Futures contracts show traders expectations of a
Federal Reserve interest-rate cut by the end of the year to
revive the economy have strengthened.
Read more at Bloomberg Bonds News
with two-year yields near their lowest since May, before reports
that are forecast to show consumer confidence fell to a 10-month
low in June and new home sales also declined.
Benchmark 10-year debt slipped for a second day yesterday as
investors sought the safety of government debt on concern hedge
fund losses on bets linked to subprime mortgages will become
widespread. Futures contracts show traders expectations of a
Federal Reserve interest-rate cut by the end of the year to
revive the economy have strengthened.
Read more at Bloomberg Bonds News
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