Treasuries Up: We Have No Inflation - 2004-01-14
U.S. Treasuries prices went higher on Wednesday, extending a four-day rally as new figures suggested U.S. inflation virtually dead in the water and a key Federal Reserve official agreed.
"Inflation is not even a remote risk in the United States," said Federal Reserve Board Governor Ben Bernanke. As Treasury yields fall, dealers anticipate mortgage interest rates dropping further, which could force fund and mortgage managers to buy more long-dated debt.
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