(Reuters) - Woes in the subprime mortgage market to borrowers with poor
credit are making investors wary of riskier assets and have
stoked demand for safe haven Treasuries. Treasury prices may
also gain from any hints the Fed could cut interest rates in
the face of a slipping housing market. Yet inflation pressures
are likely to deter the central bank from cutting interest
rates for many months, according to market participants.
The Producer Price Index is due on Tuesday at 8:30 a.m.
. The overall PPI rose 0.2 percent in June, after a
0.9 percent rise last month, according to economists' median
forecast. Core producer prices, which exclude food and energy,
are also forecast to rise 0.2 percent.
Read more at Reuters.com Bonds News
credit are making investors wary of riskier assets and have
stoked demand for safe haven Treasuries. Treasury prices may
also gain from any hints the Fed could cut interest rates in
the face of a slipping housing market. Yet inflation pressures
are likely to deter the central bank from cutting interest
rates for many months, according to market participants.
The Producer Price Index is due on Tuesday at 8:30 a.m.
. The overall PPI rose 0.2 percent in June, after a
0.9 percent rise last month, according to economists' median
forecast. Core producer prices, which exclude food and energy,
are also forecast to rise 0.2 percent.
Read more at Reuters.com Bonds News
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