(Reuters) - The data did little to change expectations for Federal
Reserve interest rate policy, especially ahead of two days of
testimony to Congress from Fed Chairman Ben Bernanke due to
start at 10 a.m .
Futures show the market favors the Fed holding overnight
lending rates steady at 5.25 percent in August . Implied
Prospects for a rate cut by year-end slipped to 16
percent from as high as 22 percent earlier.
Read more at Reuters.com Bonds News
Reserve interest rate policy, especially ahead of two days of
testimony to Congress from Fed Chairman Ben Bernanke due to
start at 10 a.m .
Futures show the market favors the Fed holding overnight
lending rates steady at 5.25 percent in August . Implied
Prospects for a rate cut by year-end slipped to 16
percent from as high as 22 percent earlier.
Read more at Reuters.com Bonds News
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