Tuesday, May 15, 2007

TREASURIES-Bonds rise on weaker-than-expected core inflation

(Reuters) - The core Consumer Price Index , which does not include volatile food and energy prices, rose 2.3 percent on a year-over-year basis, which was below analysts' expectations of a rise of 2.4 percent.

The Fed's presumed comfort level for inflation is 1 percent to 2 percent.


Read more at Reuters.com Bonds News

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