This is good news: Tame Inflation and a Product of weaker real estate news.
NEW YORK (MarketWatch) – Treasury prices closed with sharp gains Tuesday, pressing yields lower, after bond market investors cheered an unexpectedly tame producer price report and new evidence that the residential real estate market is continuing to worsen. The latest reports take more pressure off the Federal Reserve to tighten interest rates at its monetary policy meeting on Wednesday. The rally was reinforced by safe-haven flows into bonds after news that the Thai military staged an apparent coup against Prime Minister Thaksin Shinawatra. The benchmark 10-year Treasury note rose 19/32 to 101-3/32 with a yield……
