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TREASURIES-Bonds dip after core PCE inflation data

Fri Mar 30, 2007 8:38am EDT

NEW YORK, March 30 (Reuters) - U.S. government bond prices dipped on Friday after a higher-than-expected reading of core inflation slightly pushed back bond investors' expectations for the Federal Reserve to start cutting interest rates.

Bonds

The U.S. February core PCE price index rose 0.3 percent, above economists' median forecast for a rise of 0.2 percent.

The benchmark 10-year note's price dipped 2/32 for a yield of 4.65 percent US10YT=RR, versus 4.64 percent both immediately before the data and late on Thursday. Bond yields and prices move inversely.

Bonds


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