Monday, May 7, 2007

U.S. Treasuries Slip Ahead of Quarterly Refunding, Fed Policy Meeting

(Bloomberg) -- U.S. Treasuries slipped ahead of the sale today of $39 billion of bills and notes and a Federal Reserve policy meeting that is expected to leave interest rates unchanged this week.

The U.S. Treasury will hold its quarterly auctions of three- and 10-year notes as well as 30-year bonds today, tomorrow, and May 10. All 90 economists polled by Bloomberg expect the Fed to leave the target for the overnight lending rate between banks unchanged at their meeting this week.


Read more at Bloomberg Bonds News

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