TREASURIES-Bonds slip in technical trade but subprime lingers

(Reuters) - Earlier this week, Treasuries gained as worries about the
performance of mortgage-related securities sparked a sell-off
in riskier assets such as stocks and non-government bonds.




"We went back to the old highs of 4.98 percent on
10-year notes. Technically we are selling off because of that,"
said Thomas di Galoma, head of U.S. Treasury trading with
Jefferies & Co. in New York.


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RPT-TREASURIES-Bonds add gains after U.S. core inflation data

(Reuters) - Benchmark 10-year notes were up 7/32 in price
for a 5.08 percent, versus 5.09 percent shortly before the core
PCE data and 5.11 percent late Thursday. Bond prices and yields
move inversely.




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Treasury Yield Curve Steepens the Most Since 2005 as Investors Seek Safety

(Bloomberg) -- The difference in Treasury 10-year
and two-year note yields widened to the most since October 2005
as investors sought a haven from hedge fund losses.

Two-year notes were poised for their first weekly gain
since April, while 10-year notes were down for a seventh week,
widening the yield advantage of the longer-term debt to 21 basis
points. Investors bought two-year notes as creditors moved to
liquidate assets from two Bear Stearns Cos. hedge funds.


Read more at Bloomberg Bonds News

Treasuries Gain for Fourth Day, Longest Rally Since February, on Housing

(Bloomberg) -- Treasuries rose for a fourth day,
the longest rally since February, before a report on mortgage
applications that may add to evidence of a housing slowdown.

Yields on benchmark 10-year notes have fallen 11 basis
points this week as reports showed house construction declined
for the first time in four months and confidence among
homebuilders dropped to the lowest since 1991. Bonds have risen
on speculation a slowdown in the U.S. housing market will keep
the Federal Reserve from increasing interest rates.


Read more at Bloomberg Bonds News

TREASURIES-Drift sideways in Asia as housing data awaited

(Reuters) - September 10-year futures edged up 1/32 to 104-21/32,
holding above a five-year low for the lead contract of
103-20.5/32 struck last week.




Benchmark 10-year notes were unchanged to yield
5.171 percent. Two-year notes were flat to yield 5.028
percent.


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Treasuries Steady After Slump; Kokusai's Horii Sees U.S. Economic Slowdow

(Bloomberg) -- Treasuries steadied after yields on
10-year notes reached a five-year high and investors said they
see no signs of accelerating inflation in the U.S.

``We don't have any concern about inflation risk,'' said
Masataka Horii, a manager for the $46 billion Kokusai Global
Sovereign Open fund in Tokyo, the world's second-biggest bond
fund. ``The U.S. economy will slow in the future so we should
stay in this market. The housing sector has already slowed down
and rising yields will hurt it again.''


Read more at Bloomberg Bonds News

UPDATE 1-Amex Centurion & Amex FSB launch $3.5 bln debt

(Reuters) - American Centurion launched $1.0 billion two-year
floating-rate notes expected to have a coupon rate of 0.02
percentage point over the one-month London interbank offered
rate , $400 million in five-year floating-rate notes
expected to have a coupon rate of 0.15 percentage point over
one-month Libor and $300 million in 10-year notes expected to
yield 0.89 percentage points over U.S. Treasuries.




American Express FSB launched $1.1 billion in two-year
floating-rate notes expected to have a coupon rate of 0.02
percentage point over one-month Libor, $400 million in
five-year floating-rate notes expected to have a coupon rate of
0.15 percentage point over one-month Libor and $300 million
10-year floating-rate notes expected to have a coupon rate of
0.30 percentage point over one-month Libor.


Read more at Reuters.com Bonds News