(Bloomberg) -- U.S. notes were little changed before
a Commerce Department report that's forecast to show residential
construction fell to a four-month low in May.
An increase in mortgage rates to the highest in almost a
year may exacerbate a cooling housing market and help keep the
Federal Reserve from raising borrowing costs this year. Ten-year
notes yesterday rose for a second day, the first two-day gain in
a month, after a private report showed confidence among U.S.
homebuilders dropped to the lowest since 1991.
Read more at Bloomberg Bonds News
a Commerce Department report that's forecast to show residential
construction fell to a four-month low in May.
An increase in mortgage rates to the highest in almost a
year may exacerbate a cooling housing market and help keep the
Federal Reserve from raising borrowing costs this year. Ten-year
notes yesterday rose for a second day, the first two-day gain in
a month, after a private report showed confidence among U.S.
homebuilders dropped to the lowest since 1991.
Read more at Bloomberg Bonds News
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