TREASURIES-Prices rise on tame inflation outlook

(Reuters) - The day's main economic report is a sentiment gauge from the
National Association of Home Builders, which is seen as a proxy of
future U.S. housing activities.




A sluggish NAHB reading, which matched a 15-year low in May,
could encourage buying among traders which have been rattled by
the growing view of rising global rates and the Federal Reserve
not lowering interest rates this year, analysts said.


Read more at Reuters.com Bonds News

Copper Drops on Speculation U.S. Use to Weaken; Tin Trades at 18-Year High

(Bloomberg) -- Copper dropped in London for the first time in three trading sessions on speculation consumption in the U.S., the world's second-largest user of the metal, will weaken on lower housing demand. Tin traded at an 18-year high.

An index of U.S. homebuilders' confidence fell to the lowest level of the year this month, the Washington-based National Association of Home Builders said yesterday. A report on March housing starts, due today, may indicate a decline, a Bloomberg survey showed.


Read more at Bloomberg Commodities News