Prices fall on strong N.Y. Fed factory data
NEW YORK, Oct 15 (Reuters) US government debt prices fell on Monday after New York Federal Reserve's report on regional manufacturing activities came in stronger than expected, diminishing chances of a Fed interest rate cut at month-end.
Benchmark 10-year notes were down 7/32 in price for a 4.72 percent yield, up from 4.69 percent shortly before the data and late Friday.
Bond prices and yields move inversely.
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Story first published: Monday, October 15, 2007, 19:35 [IST]