US Treasuries Fall on Global Stock Market Gains
Published August 8th, 2007
Treasuries fell on global stock gains fueled in part by the Federal Reserve’s statement yesterday that the U.S. economy is likely to weather a housing slowdown.
A report in the U.K.’s Daily Telegraph that China, the second-largest foreign holder of U.S. government debt, is prepared to sell its holdings in the event of U.S.-imposed trade sanctions also curbed the appeal of fixed-rate investments. The Treasury plans to sell $13 billion of 10-year notes in a quarterly auction today.
Related Articles
