(Bloomberg) -- U.S. Treasuries were little changed
before a government report that economists say will show
durable goods orders fell in May, sending a gauge of inflation
expectations to the lowest this month.
A decline in orders may provide further evidence the economy
is slowing enough for the Federal Reserve to cut interest rates,
after consumer confidence dropped in June to the lowest since
August. Reports this week also showed the slump in the housing
market may keep inflation, which erodes the fixed payments on
bonds, within the central bank's desired zone.
Read more at Bloomberg Bonds News
before a government report that economists say will show
durable goods orders fell in May, sending a gauge of inflation
expectations to the lowest this month.
A decline in orders may provide further evidence the economy
is slowing enough for the Federal Reserve to cut interest rates,
after consumer confidence dropped in June to the lowest since
August. Reports this week also showed the slump in the housing
market may keep inflation, which erodes the fixed payments on
bonds, within the central bank's desired zone.
Read more at Bloomberg Bonds News
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