(Bloomberg) -- U.S. 10-year Treasury notes headed
for a third weekly loss as signs of growth in the economy
undermined expectations the Federal Reserve will cut interest
rates in 2007.
Yields held near the highest since January after the
Commerce Department said new home sales rose by the most in 14
years in April, indicating a rebound in a slowing housing market.
Fed Governor Frederic Mishkin said policy makers ``must never
take our eye off of the inflation ball,'' in a speech yesterday
at a Dallas Fed Bank conference.
Read more at Bloomberg Bonds News
for a third weekly loss as signs of growth in the economy
undermined expectations the Federal Reserve will cut interest
rates in 2007.
Yields held near the highest since January after the
Commerce Department said new home sales rose by the most in 14
years in April, indicating a rebound in a slowing housing market.
Fed Governor Frederic Mishkin said policy makers ``must never
take our eye off of the inflation ball,'' in a speech yesterday
at a Dallas Fed Bank conference.
Read more at Bloomberg Bonds News
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