Treasuries Extend Gains on Disappointing ISM Report

July 2 (Bloomberg) -- In today's "Bloomberg Bonds Headlines," Bloomberg's Scarlet Fu reports that Italian and Spanish bonds move higher in anticipation of an ECB rate cut later this week, the bankrupt city of Stockton, California battles with bondholders and U.S. Treasuries extend gains on today's ISM report. She speaks on Bloomberg Television's "Lunch Money."

Have Central Banks Lost Credibility?
31:51 - John Woods, chief investment officer for Asia-Pacific at Credit Suisse Private Banking, discusses Janet Yellen's comments, the pace of the Fed's rate hikes and the disconnect between what the markets are pricing in and what the fundamentals are suggesting. He speaks to Bloomberg's Angie Lau on "Asia Edge." (Source: Bloomberg)
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