Tuesday, May 8, 2007

TREASURIES-Market up as sentiment firms on long bonds

(Reuters) - NEW YORK, May 8 - U.S. Treasuries rose on Tuesday led by the 30-year long bond, which benefited from the relatively low supply in that maturity that will hit the market this week and perceptions that inflation is in retreat.

The Treasury will sell $13 billion of 10-year notes later on Tuesday. It will also offer $5 billion of long bonds on Thursday, less than some in the market had expected.


Read more at Reuters.com Bonds News

No comments: