Wednesday, June 20, 2007

Benchmark Treasury Yields Near Lowest in Two Weeks on Slowdown in Housing

(Bloomberg) -- Treasuries were little changed, with
benchmark 10-year note yields near the lowest in two weeks, on
expectations a housing slowdown will keep the Federal Reserve
from raising interest rates.

Ten-year note yields have dropped over the past week from a
five-year high on reports showing housing construction decreased
for the first time in four months and confidence among
homebuilders was the lowest since 1991.


Read more at Bloomberg Bonds News

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