Tuesday, April 3, 2007

TREASURIES-Easing Britain-Iran tensions pull prices lower

(Reuters) - NEW YORK, April 3 - U.S. Treasury debt prices fell in thin trade on Tuesday as rebounding stocks and signs of an easing in British-Iranian tensions caused investor interest in flight-to-quality trades to wane.

A modest rise in February pending home sales failed to push government bonds down much further. Analysts predicted a recent upward trend in housing was unlikely to be sustained in the months ahead, given problems in the subprime mortgage sector.


Read more at Reuters.com Bonds News

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