Treasury Futures Rise a Fourth Day as Slowing Growth Boosts Safety Demand
July 14 (Bloomberg) -- Intel Corp. Chief Financial Officer Stacy Smith talks with Bloomberg's Susan Li from Santa Clara, California, about the outlook for sales. Intel, the world's biggest chipmaker, reported record second-quarter sales and topped analysts' estimates with its forecast for this period, allaying concern that a rebound in technology spending is losing steam. Smith also discusses the company's investments in China. (Source: Bloomberg)
Treasury 10-year futures contracts gained for a fourth day as economists said reports this week will show housing starts and a measure of the outlook for economic growth fell.
The implied yield fell two basis points to 3.25 percent as of 7:52 a.m. in Singapore, according to data compiled by Bloomberg.
To contact the reporters on this story: Wes Goodman in Singapore at wgoodman@bloomberg.net.
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