(Reuters) - NEW YORK, June 4 - U.S. Treasury debt prices rose
on Monday, as weaker stocks offered a signal for
bargain-hunters after weeks of heavy selling that pushed
benchmark yields to 10-month highs.
The day's gains, however, were modest given an expected
flood of safe-haven buying after an 8 percent drop in Chinese
stocks. The equity decline was not enough to change the
pessimistic view on bonds amid a bearish technical outlook,
signs of a strengthening economy and fading prospects of the
Federal Reserve trimming interest rates this year.
Read more at Reuters.com Bonds News
on Monday, as weaker stocks offered a signal for
bargain-hunters after weeks of heavy selling that pushed
benchmark yields to 10-month highs.
The day's gains, however, were modest given an expected
flood of safe-haven buying after an 8 percent drop in Chinese
stocks. The equity decline was not enough to change the
pessimistic view on bonds amid a bearish technical outlook,
signs of a strengthening economy and fading prospects of the
Federal Reserve trimming interest rates this year.
Read more at Reuters.com Bonds News
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