Greenspan nixed idea of subprime crackdown: paper

(Reuters) - "He was opposed to it, so I didn't really pursue it," said Gramlich, who said he raised the idea with Greenspan personally rather than going to the full board of governors.




Gramlich is now a senior fellow at the Urban Institute, a nonpartisan Washington-based research group.


Read more at Reuters.com Bonds News

Canadian Bonds Decline on Concern Centeral Bank Will Raise Interest Rates

(Bloomberg) -- Canadian government debt fell,
pushing yields on two-year bonds to the highest since 2001, on
concern that accelerating inflation will prompt central banks
worldwide to raise interest rates.

``Inflation fears are back in investors' minds,'' said Sal
Guatieri, a senior economist with BMO Capital Markets in
Toronto. ``That's got bond investors quite worried, and that
will continue to push yields higher.''


Read more at Bloomberg Bonds News

China Jan-May trade surplus $85.72 bln

(Reuters) - China had a trade surplus of $85.72 billion in the first five months of 2007, up more than 80 percent from the same period a year before, a commerce ministry official said on Saturday.

Exports in the first five months were $443.5 billion, while imports in the same period totalled $357.8 billion, Yang Hongbin, a vice special commissioner with the Ministry of Commerce, said in a speech to an industry conference in Shanghai.


Read more at Reuters Africa

Emerging Market Bonds, Currencies Slump as Investors Reduce Risk Appetite

(Bloomberg) -- Emerging market bonds and currencies
slumped as investors turned more risk averse on concern that
central banks will raise interest rates to tame inflation.

Expectations of rising global borrowing costs pushed up
yields on safer assets such as U.S. Treasuries, making emerging-
market bonds less attractive. An emerging market debt index
compiled by JPMorgan Chase & Co. fell to a four-month low June 7.


Read more at Bloomberg Emerging Markets News