Friday, June 22, 2007

TREASURIES-Bonds rise on short-covering ahead of weekend

(Reuters) - Most investors moved to the sidelines amid concerns over
hedge fund troubles and rising global interest rates.




They have also become cautious ahead of next week's Federal
Reserve policy meeting. Wall Street widely expects the Fed to
leave the federal funds rate unchanged at 5.25 percent, but
signs of reviving economic growth are expected to keep
inflation the predominant issue for policy-makers.


Read more at Reuters.com Bonds News

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