U.S. Notes Little Changed; Philadelphia Fed Manufacturing Index May Rise

(Bloomberg) -- U.S. Treasuries were little changed,
following their biggest slide in more than a week, before a
central bank report that economists say will show a pickup in
manufacturing this month.

Notes may drop for a second day on expectations the report
will indicate the economy is accelerating this quarter after
barely growing in the first three months of 2007. The slide in
Treasuries was fueled by concern traders will trim holdings to
guard against possible losses as companies including Home Depot
Inc. sell debt.


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