Friday, July 6, 2007

TREASURIES-Bonds fall as payrolls scotch Fed cut forecasts

(Reuters) - NEW YORK, July 6 - U.S. Treasury debt prices fell
on Friday after stronger-than-expected job growth dashed any
lingering expectations of a cut in benchmark interest rates
from the Federal Reserve any time soon.




June payrolls were stronger than expected and the
government revised sharply higher the numbers for April and May
payrolls, adding to the pressure on bond prices. Click on
ID:nN06239056 for details.


Read more at Reuters.com Bonds News

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