Bloomberg News

Treasuries Drop as Chicago Purchasing Index Unexpectedly Rises

June 30, 2011

June 30 (Bloomberg) -- Treasuries fell as the Institute for Supply Management-Chicago Inc.’s business barometer unexpectedly rose to 61.1 in June from 56.6 a month earlier. Figures greater than 50 signal expansion. Economists projected the gauge would drop to 54, according to the median estimate in a Bloomberg News survey.

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