Janney Montgomery Scott's Lebas on U.S. New Home Sales

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June 23 (Bloomberg) -- Guy Lebas, chief fixed-income strategist at Janney Montgomery Scott LLC, discusses U.S. new-home sales data for May and the state of the housing market. Purchases of U.S. new homes fell in May to the lowest level on record after a tax credit expired, showing the market remains dependent on government support. Lebas speaks on Bloomberg Television's "InBusiness With Margaret Brennan." (Source: Bloomberg)

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