(Bloomberg) -- Treasuries dropped for a second day
on expectations a central bank report will show a pickup in
manufacturing, supporting Treasury Secretary Henry Paulson's
assessment that the economy is ``strong.''
Benchmark 10-year notes fell more than two-year debt for a
fourth straight day, signaling investors expect faster growth to
spur inflation. Treasuries also declined on concern traders will
trim holdings to guard against possible losses as companies
including Home Depot Inc. and First Data Corp. plan debt sales.
Read more at Bloomberg Bonds News
on expectations a central bank report will show a pickup in
manufacturing, supporting Treasury Secretary Henry Paulson's
assessment that the economy is ``strong.''
Benchmark 10-year notes fell more than two-year debt for a
fourth straight day, signaling investors expect faster growth to
spur inflation. Treasuries also declined on concern traders will
trim holdings to guard against possible losses as companies
including Home Depot Inc. and First Data Corp. plan debt sales.
Read more at Bloomberg Bonds News
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