Treasuries Little Changed Ahead Of ISM Report, Monday, July 02, 2007 9:53:18 AM

Bond trading has been relatively flat Monday morning. The market rose on Friday, approaching a multi-week high set earlier in the week. The ISM manufacturing Index, scheduled for release at 10:00 ET, could spark some trading. However, traders may wait until Friday`s employment data before making any big moves.

Tomorrow`s early close and the Fourth of July holiday Wednesday means a shortened week for the bond market, which could contribute to a decreased trade volume. In addition to the holiday, traders will be reluctant to make large moves ahead of the key government employment report due out Friday. Therefore, this week will most likely remain relatively flat, though the ISM report and technical factors could spark some movement.

At 9:50 am Eastern Time, the yield on the benchmark 10-year note was down 1.1 basis points to 5.022%

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