Treasurys Little Changed Before Bernanke, Data
S&P MARKETSCOPE: Bonds were flat Monday morning, drifting with no clear economic picture in sight. There was some positioning before Federal Reserve chairman Ben Bernanke's speech Tuesday amid hopes he might clarify Fed policy. Sentiment is growing that the Fed will leave rates unchanged probably for rest of the year, especially when faced with the worst housing slump on a decade. Dealers say they will be watching the New York Fed's Empire State index Tuesday for growth signs.
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