Friday, 29 June 2007

U.S. Notes Rise; Report May Show Inflation Held in Fed's Preferred Range

(Bloomberg) -- U.S. 10-year Treasuries rose for the
first time in three days on speculation a government report today
will show an inflation gauge held within the Federal Reserve's
preferred range.

The yield on the benchmark 4 1/2 percent security due in May
2017 fell 2 basis points to 5.09 percent as of 7:49 a.m. in
London, according to bond broker Cantor Fitzgerald LP. The price
rose 1/8, or $1.25 per $1,000 face amount, to 95 15/32.


Read more at Bloomberg Bonds News

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