Wednesday, April 4, 2007

TREASURIES-Weaker data, technicals buoy bond prices

(Reuters) - NEW YORK, April 4 - U.S. Treasury debt prices rose on Wednesday after surprisingly weak economic data, seen supportive of an interest rate cut, encouraged investors to cover short positions ahead of Friday's crucial jobs report.

Buyers were lured back into the market on news that activity in the U.S. services sector fell to its lowest level in nearly four years in March, while a private employment report suggested March's government payrolls report was unlikely to provide any significant surprises.


Read more at Reuters.com Bonds News

No comments: