Thursday, July 19, 2007

U.S. Treasuries Decline After Gains in Stocks, Emerging Market Bonds

(Bloomberg) -- U.S. Treasuries declined as gains in
European and Asian stocks and emerging-market bonds fed
expectations investors are more willing to hold riskier assets.

Notes trimmed gains from yesterday as futures contracts
indicated a slowdown in the U.S. housing market isn't enough to
get the Federal Reserve to reduce interest rates this year.
There's an 11 percent chance the Fed will cut borrowing costs by
the end of the year, according to data compiled by Bloomberg
based on the contracts.


Read more at Bloomberg Bonds News

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