Thursday, 10 May 2007

TREASURIES-Bonds up on weak economy, soft retail sales

(Reuters) - NEW YORK, May 10 - U.S. government bond prices rose on Thursday, after data showing sluggish sales by retailers and a trade deficit suggesting that the economy grew at a slower-than-estimated pace in the first quarter.

A stock market sell-off also contributed to Treasuries' rise, although bonds' gains were capped by a surprisingly weak 30-year bond auction.


Read more at Reuters.com Bonds News

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