Monday, June 18, 2007

TREASURIES-Hold gains in Asia after soft housing data

(Reuters) - Treasuries may have more room to rise in the near term, said
Yasutoshi Nagai, chief economist for Daiwa Securities SMBC,
adding that last week's sell-off was probably a bit overdone.




"I wouldn't be surprised if the 10-year yield dips to around
5.0 percent in the near term," Nagai said.


Read more at Reuters.com Bonds News

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