Wednesday, June 20, 2007

TREASURIES-Prices sag with downturn in Bunds

(Reuters) - "The Bund market really had a strong reversal and that has
had a huge negative impact on Treasuries," said Tom Tucci, head
Treasuries trader at RBC Capital Markets in New York.




The September Bund future was down 18 ticks at
110.21, after posting a session high of 110.82, falling due to
the market's broadly bearish bias which emerged on renewed
jitters about rising global interest rates.


Read more at Reuters.com Bonds News

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