Monday, July 16, 2007

TREASURIES-Bonds shrug off factory surge, hold tight

(Reuters) - NEW YORK, July 16 - U.S. Treasuries were stuck in
neutral on Monday as fears surrounding the mortgage sector
supported government debt despite an unexpected surge in New
York state manufacturing.




A testament to the subprime premium that has effectively
been built into the Treasury market, bonds held their ground
even after the New York Fed's surprisingly robust survey.


Read more at Reuters.com Bonds News

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