Friday, July 6, 2007

Emerging debt-Prices lower on strong US jobs data

(Reuters) - Brazil's local rates were an exception, as a moderate
reading of the country's benchmark inflation index supported
the view that the central bank will keep cutting interest rates
at the current pace of half a percentage point for a while.




Yields on the benchmark 10-year U.S. Treasury note
rose to 5.19 percent from 5.14 percent late on
Thursday on news 132,000 new jobs were added to non-farm
payrolls in June, more than the 120,000 expected by economists.
In the beginning of the week, 10-year Treasuries yields were
below 5 percent.


Read more at Reuters.com Bonds News

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