Treasuries Fall Most Since January as Optimism for Rate Cut Starts to Fade

(Bloomberg) -- Treasuries fell the most since
January as signs of U.S. economic strength reduced bets on a cut
in borrowing costs by the Federal Reserve this year.

The yield on the benchmark 10-year note advanced this week
to a three-month high as reports showed higher-than-expected
hiring and consumer confidence. Policy makers last week held
their benchmark rate steady, saying inflation remains the
``predominant'' concern.


Read more at Bloomberg Bonds News

Germany struggles to keep G8 heat on hedge funds

(Reuters) - Germany strove to keep its proposals for tighter hedge fund supervision alive at a two-day meeting of G8 finance ministers near Berlin.

U.S. Treasury Secretary Henry Paulson stayed away and the new French government sent no minister to the talks at a lakeside resort -- two no-shows that further limited the potential for substantive decisions at the meeting.


Read more at Reuters Africa

US has tough task to heal rift over Wolfowitz

(Reuters) - A day after Paul Wolfowitz resigned as World Bank president under an ethics cloud, the United States faced the tough task of healing rifts with Europeans and satisfying calls that his successor be picked on merit, not just nationality.

Wolfowitz's resignation on Thursday followed pressure by European opponents who said his handling of a high-paying promotion for his companion damaged the institution's credibility. Bank staff complained the crisis had undermined their mission of fighting poverty in developing countries.


Read more at Reuters Africa