(Bloomberg) -- Treasuries were little changed as
government inflation data suggested Federal Reserve Chairman Ben
S. Bernanke will reinforce expectations for steady monetary
policy in testimony before Congress.
Benchmark 10-year note yields are at the low end of their
range over the past six weeks after losses in securities backed
by subprime mortgages fueled demand for the safety of U.S.
government debt. The inflation rate for items excluding food and
energy held steady at 2.2 percent in June, matching the lowest
in more than a year.
Read more at Bloomberg Bonds News
government inflation data suggested Federal Reserve Chairman Ben
S. Bernanke will reinforce expectations for steady monetary
policy in testimony before Congress.
Benchmark 10-year note yields are at the low end of their
range over the past six weeks after losses in securities backed
by subprime mortgages fueled demand for the safety of U.S.
government debt. The inflation rate for items excluding food and
energy held steady at 2.2 percent in June, matching the lowest
in more than a year.
Read more at Bloomberg Bonds News
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