Wednesday, April 18, 2007

U.S. Treasury Notes Rise as Chinese Rates May Damp Global Economic Growth

(Bloomberg) -- U.S. 10-year Treasury notes rose for a fourth day on speculation a Chinese economic report today will lead the central bank to raise interest rates, which may damp global economic growth.

The Chinese government today will report that gross domestic product expanded more than 10 percent for a fifth quarter in the three months ended March 31, according to a Bloomberg News survey of economists. China has increased borrowing costs to cool the world's fastest-growing major economy and curb inflation.


Read more at Bloomberg Bonds News

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