(Reuters) - NEW YORK, May 24 - U.S. Treasury debt prices fell
on Thursday for the third straight day after reports of a surge
in new-home sales and signs of strength in business investment
reduced the chances of an interest rate cut by the Federal
Reserve in 2007.
Losses were limited by a drop in stocks as investors locked
in profits after a recent rally. The recent surge in the stock
market has drawn investors away from safe-haven Treasuries.
Read more at Reuters.com Bonds News
on Thursday for the third straight day after reports of a surge
in new-home sales and signs of strength in business investment
reduced the chances of an interest rate cut by the Federal
Reserve in 2007.
Losses were limited by a drop in stocks as investors locked
in profits after a recent rally. The recent surge in the stock
market has drawn investors away from safe-haven Treasuries.
Read more at Reuters.com Bonds News
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