Tuesday, April 24, 2007

U.S. Treasuries Increase as Sales Rate of Existing Homes Declined in March

(Bloomberg) -- U.S. Treasuries rose a second day, pushing the benchmark 10-year note's yield to a three-week low, after a private report showed sales of previously owned homes declined to the lowest level in almost four years.

The data may add to speculation the economy is slowing sufficiently to enable the Federal Reserve to cut interest rates this year.


Read more at Bloomberg Bonds News

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