Friday, June 15, 2007

Bonds in relief rally on tame core inflation

(Reuters) - U.S. government bonds, which have been hammered by concerns about inflation and fears of rising interest rates globally, also got a reprieve from unexpectedly soft data on industrial output and capacity utilization.




Benchmark 10-year Treasury note yields pulled further back from five-year peaks hit on Wednesday, but still recorded their sixth straight weekly rise after a rout that pushed bond yields across the board above 5 percent last week for the first time since July 2006.


Read more at Reuters.com Hot Stocks News

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