Tuesday, May 15, 2007

Treasuries Rise as Consumer Prices Increase Less Than Forecast in April

(Bloomberg) -- Treasuries rose after a government report showed consumer prices rose last month less than economists forecast.

Ten-year yields fell on speculation the data may increase the likelihood of a cut in borrowing costs. The Federal Reserve held borrowing costs steady at its policy meeting this week, saying inflation remains the ``predominant'' economic risk.


Read more at Bloomberg Bonds News

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