Wednesday, May 23, 2007

TREASURIES-Surging stocks drive bond prices lower

(Reuters) - The 30-year government bond's advance toward a 5 percent
yield had triggered some buying of Treasuries, which have
suffered six straight sessions of losses.




But a takeover-driven rally on Wall Street, where the
Standard & Poor's stock index jumped to new highs, caused some
of the interest in bonds to wane.


Read more at Reuters.com Bonds News

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