Friday, April 27, 2007

U.S. Treasuries Are Little Changed as Quarterly Growth Slowed Last Quarter

(Bloomberg) -- Treasuries were little changed after a government report showed the world's largest economy expanded at the slowest pace in four years during the first quarter and a measure of inflation watched by the Federal Reserve accelerated.

Gross domestic product grew at a 1.3 percent annual rate, the Commerce Department in Washington said. Major U.S. stock markets exceeded multiyear highs yesterday, which may call into question whether the economy will stagnate, dealers said.


Read more at Bloomberg Bonds News

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