Treasuries Mostly Higher
S&P MARKETSCOPE (10/19/07 7:46 am ET): The 2-year notes flat at 100-03/32 for yield of 3,919%, 10-year notes up 02/32 to 102-03/32 for yield of 4.489% and the 30-year bond up 06/32 to 103-28/32 for yield of 4.7 59% in carryover of yesterday's rally on growing speculation the Fed will cut rates at the Oct. 31 meeting. Fallout from weak housing sector major factor behind increased rate cut speculation. Awaiting Bernanke's 10 am EDT speech on "Monetary policy under uncertainty." St. Louis Fed President Poole also slated to speak. Stocks, which have slumped this week, indicate to open mixed. Weak earnings reports from Bank of America and Citigroup driving some to safe havens. European analysts downgraded HSBC and Royal Bank of Scotland stocks.
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