Monday, July 2, 2007

Short-covering, safety bid boost prices

(Reuters) - "The fact that the market did almost nothing on somewhat stronger ISM numbers sparked short-covering in a quiet pre-holiday market so here we sit with some small gains, settling into a range," said John Canavan, analyst at Stone and McCarthy Research Associates.




Traders said a safety bid linked to attempted car-bomb attacks in London on Friday, Saturday's attack on Glasgow's airport in Scotland, and the killing of four Spanish tourists in a blast in Yemen, also kept a floor under the market.


Read more at Reuters.com Bonds News

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