(Reuters) - S&P 500 and other stock index futures pointed to a
strong opening on Wall Street, luring money away from
safe-haven bonds. Also, the government will auction two-year
notes later in the session, and the fresh supply could press
bond prices lower.
The main potential positive for Treasuries appeard to be
the existing home sales data that is due at 10 a.m. .
This has the potential to limit the bond market's losses if it
heightens worries about the troubled housing sector, which
punished stocks and lifted Treasuries on Tuesday.
Read more at Reuters.com Bonds News
strong opening on Wall Street, luring money away from
safe-haven bonds. Also, the government will auction two-year
notes later in the session, and the fresh supply could press
bond prices lower.
The main potential positive for Treasuries appeard to be
the existing home sales data that is due at 10 a.m. .
This has the potential to limit the bond market's losses if it
heightens worries about the troubled housing sector, which
punished stocks and lifted Treasuries on Tuesday.
Read more at Reuters.com Bonds News
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