Treasurys Higher In Flight To Safety
S&P MARKETSCOPE (08/10/2007 8:15am EDT): The 10-year Treasury notes, which rose yesterday on flight to safety from spreading credit crunch, are up 08/32 to 100-02/32 for yield of 4.748%... Fed injected funds into banking system yesterday... there is much debate whether the Fed behind the curve in the credit crunch problem that's extended to Europe... Fed funds futures see 100% chance of Fed rate cut soon... but most observers believe policy makers won't act this year... 2-year note up 01/32 to 100-12/32 for yield of 4.428%, 30 year bonds up 20/32 at 100-13/32 for yield of 4.978%... see traders bracing for reports next week on Retail Sales, Trade Balance, PPI, CPI, Industrial Production and Housing Starts.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Puerto Rico Faces Hurricane Maria After Irma’s $1 Billion Damage
- The World’s Biggest Wealth Fund Hits $1 Trillion
- Finland’s Welfare State Has a Massive Baby Problem
- Equifax Suffered a Hack Almost Five Months Earlier Than the Date It Disclosed
- Toys ‘R’ Us Collapses Into Bankruptcy Thanks to Crushing Debt