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Thursday, 2 August 2012

2012.08.02 16:14:52 MARKET TALK: Treasurys Hold Gains on Drop in Factory Orders

10:14 EDT - Orders unexpectedly fell in June, yet another worrisome
signal of a slowing US economy. This comes a day after the Fed decided
to stand pat on monetary policy, but assured it's keeping a close eye
on economic developments. In the coming weeks, bad data will be
interpreted as an increased likelihood of bond-buying stimulus.
Benchmark 10-year notes up 14/32 to yield 1.49%.
(cynthia.lin@dowjones.com)


(END) Dow Jones Newswires

August 02, 2012 10:14 ET (14:14 GMT)

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