Monday, April 30, 2007

CORRECTED - TREASURIES-Bond prices rise ahead of inflation data

(Reuters) - Still, bond yields stayed within a recent range as the market awaited U.S. Personal Consumption Expenditure data for March for signs of inflation that exceed the Federal Reserve's comfort zone of 1 to 2 percent annually. The data, due at 8:30 a.m. _, is commanding special attention because of a higher-than-expected inflation reading included in Friday's report on first-quarter gross domestic product.

The Fed has repeatedly emphasized that inflation is one of its highest priorities when considering monetary policy.


Read more at Reuters.com Bonds News

No comments: