Bloomberg News

Treasury Futures Hold Weekly Gain Before Inflation Report

July 14, 2011

July 15 (Bloomberg) -- Treasury futures headed for a second weekly advance before a government report that economists said will show the cost of living in the U.S. fell.

Contracts held gains from earlier in the week even after Standard & Poor’s said it may cut the U.S.’s AAA rating within 90 days if Congress and President Barack Obama’s administration haven’t achieved a credible solution to raising the government debt ceiling.

Ten-year futures contracts for September delivery were little changed at 124 13/32 as of 9:01 a.m. in Tokyo, based on electronic transactions on the Chicago Board of Trade.

The contracts rose 22/32, or $6.88 per $1,000 face amount, this week.

--Editors: Jonathan Annells, Nicholas Reynolds

To contact the reporter on this story: Wes Goodman in Singapore at wgoodman@bloomberg.net

To contact the editor responsible for this story: Rocky Swift at rswift5@bloomberg.net


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