Monday, May 7, 2007

TREASURIES-Bonds in tight range ahead of supply

(Reuters) - NEW YORK, May 7 - U.S. government bond prices were little changed after a rally at the end of last week as investors prepared for an auction of three-year notes on Monday and an upcoming Federal Reserve interest rate meeting.

The Treasury will offer $14.0 billion in the three-year auction, its final scheduled sale of the paper. The government said it is ending issues of three-year notes due to an improving fiscal position.


Read more at Reuters.com Bonds News

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