Monday, July 9, 2007

TREASURIES-Bonds rise as high yields draw bargain hunters

(Reuters) - While volume was thin, yields near two-week highs tempted
investors who expect woes in the subprime mortgage sector and
housing market ultimately to weaken the economy, analysts
said.




At the same time, the predominant view that the Federal
Reserve will hold benchmark interest rates unchanged through
year end held bonds in a tight range.


Read more at Reuters.com Bonds News

No comments: