Monday, June 18, 2007

TREASURIES-Bonds gain before U.S. home builder data

(Reuters) - NEW YORK, June 18 - U.S. Treasury debt prices
were mostly higher on Monday ahead of data on U.S. home builder
sentiment that could reinforce the view the housing sector
remains a drag on economic growth.




The bond market also enjoyed safe-haven bids on renewed
worries about problems in subprime mortgages amid reports of
heavy selling by a mortgage hedge fund, analysts said.


Read more at Reuters.com Bonds News

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