Friday, May 11, 2007

TREASURIES-Bonds up on weak stocks, await retail sales

(Reuters) - European and Asian stocks suffered in the wake of Wall Street's drop on Thursday, its sharpest one-session fall in two weeks. The move in global stocks lifted euro zone government bonds, in turn helping to firm up sentiment on Treasuries heading into Friday's New York trading session.

Futures indicated U.S. stocks would regain their footing on Friday, but much will hinge on the data due to be reported at 8:30 a.m. . Any weakness in retail sales would heighten recent concerns that the economy is slowing more than previously thought.


Read more at Reuters.com Bonds News

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