Friday, May 11, 2007

TREASURIES-Bonds down as rally fizzles on stocks jump

(Reuters) - Major Wall Street stock indexes were up more than half a percent on the day, recovering from Thursday's sell-off, which was the biggest drop in two months.

Weak data on retail sales and underlying producer price inflation boosted hopes that the Federal Reserve would cut rates earlier than expected, initially resulting in a rally in Treasury prices that took benchmark 10-year yields to their lowest level since late March.


Read more at Reuters.com Bonds News

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