(Bloomberg) -- U.S. Treasury notes fell on concern
Federal Reserve Chairman Ben S. Bernanke will say inflation is
still a risk to the economy when he speaks later today.
Notes have declined this month because of speculation the
Fed's concern about prices for goods and services will keep
policy makers from cutting their benchmark interest rate from a
six year-high. Treasuries dropped 0.4 percent in July, including
reinvested interest, adding to losses in May and June, according
to Merrill Lynch & Co. data.
Read more at Bloomberg Bonds News
Federal Reserve Chairman Ben S. Bernanke will say inflation is
still a risk to the economy when he speaks later today.
Notes have declined this month because of speculation the
Fed's concern about prices for goods and services will keep
policy makers from cutting their benchmark interest rate from a
six year-high. Treasuries dropped 0.4 percent in July, including
reinvested interest, adding to losses in May and June, according
to Merrill Lynch & Co. data.
Read more at Bloomberg Bonds News
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