(Bloomberg) -- Treasuries were little changed
before testimony by Federal Reserve Chairman Ben S. Bernanke
tomorrow, and a report today forecast to show waning foreign
demand for U.S. assets.
U.S. 10-year notes snapped two days of gains fueled by
speculation losses in securities backed by subprime mortgage
loans would increase demand for safer government debt. Bernanke
may reiterate in his semi-annual testimony that policy makers
are focused on restraining inflation, suggesting the Fed won't
lower its benchmark interest rate from 5.25 percent this year.
Read more at Bloomberg Bonds News
before testimony by Federal Reserve Chairman Ben S. Bernanke
tomorrow, and a report today forecast to show waning foreign
demand for U.S. assets.
U.S. 10-year notes snapped two days of gains fueled by
speculation losses in securities backed by subprime mortgage
loans would increase demand for safer government debt. Bernanke
may reiterate in his semi-annual testimony that policy makers
are focused on restraining inflation, suggesting the Fed won't
lower its benchmark interest rate from 5.25 percent this year.
Read more at Bloomberg Bonds News
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