Treasurys Higher In Flight To Safety

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.

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