Wednesday, June 20, 2007

Treasuries Drop on Concern Housing Weakness Won't Weigh Down U.S. Economy

(Bloomberg) -- Treasuries fell for the first time
in four days on concern a slowdown in housing may not weigh on
the U.S. economy.

``The market just got overbought the past couple of days,''
said Gary Pollack, who helps oversee $12 billion as head of
fixed-income trading at Deutsche Bank AG's Private Wealth
Management unit in New York.


Read more at Bloomberg Bonds News

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