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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Mike Johnston who wrote (80035)	6/25/2007 9:59:00 AM
From: Broken_Clock	Respond to of 306849

I thought housing was too volatile for the CPI. -ng- ============== U.S. Treasury bonds rise ahead of housing data By Nick Godt Jun 25, 2007 09:33:00 (ET) NEW YORK (MarketWatch) -- U.S. Treasury bonds rose early Monday, sending yields lower, ahead of data expected to show continued weakness in the housing market. The benchmark 10-year Treasury bond was recently up 7/32 at 95 12/32, while its yield (TNX ), which moves inversely, fell to 5.102%. Economists surveyed by MarketWatch expect existing-home sales in May to fall to an annual pace of 5.90 million compared with 5.99 million previously. On Tuesday, data on new home sales will be released. A weaker housing market cuts into growth, reducing inflationary pressures. Inflation lowers the value of fixed-income assets, such as bonds. Nervousness about the distressed subprime mortgage market, which has hit two hedge funds owned by Bear Stearns & Co. (BSC, Trade ), also fueled gains in bonds last week.