Thursday, April 19, 2007

TREASURIES-Jobless ranks provide more ammo for bond bulls

(Reuters) - NEW YORK, April 19 - U.S. Treasury debt rallied for a fourth session on Thursday after a surprisingly high reading on weekly jobless claims lent further momentum to an already bullish market.

A decline in Asian and European stock markets overnight also rekindled the sort of risk-aversion that tends to benefit government bonds.


Read more at Reuters.com Bonds News

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