1. French securities fell as labor unions pressed for the government to drop plans to reform the welfare system to cut public deficits. 2. INTEREST RATES CREEP HIGHER Treasury securities fell in price despite signs that the manufacturing sector was somewhat weaker than the credit markets expected. 3. Meanwhile, longer-term Treasury securities fell after a strong two-day rally, while shorter-term issues were largely unchanged. 4. Mortgage securities fell less than government securities amid concern some homeowners will rush to refinance before bond yields climb higher. 5. Mortgage securities fell less than U.S. Treasury bonds amid expectations they will be a safer haven for investors than other fixed-income securities if rates keep rising. 6. Prices of Treasury securities fell for the first time in three days Tuesday as the dollar slumped in world currency trading. 7. Prices of Treasury securities fell yesterday after a smaller-than-expected trade deficit in June suggested that economic growth was quickening. 8. Prices of longer-term Treasury securities fell sharply Wednesday after Fed Chairman Alan Greenspan indicated to Congress that the central bank would be raising interest rates again. 9. Prices of treasury securities fell Friday for the fourth time during the week as concerns grew over the faster pace of economic growth. 10. Prices of Treasury securities fell Tuesday, weighed down in part by the continuing weakness in the dollar. |