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Treasury Prices Flat amid Thin Data


From Standard & Poor's Equity ResearchS&P MARKETSCOPE (07/09/2007 8:15am): Bonds flat, likely to drift in narrow range this week as the economic calendar thin... Retail Sales, Michigan Sentiment, Business Inventories reports due Friday... Friday's strong Jobs report drove yields higher... market seems to be in new, higher range as central banks hike rates globally to fight inflation... Fed chief Bernanke likely to discuss inflation issue in speech tomorrow... the 10-year Treasury notes flat at 94-26/32 for yield of 5.185%, 2-year note flat at 99-26/32 for yield of 4.980%, 30 year bonds flat at 92-08/32 for yield of 5.273%... European yields higher.


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