TREASURIES-Fall in Asia as regional shares firm

TOKYO, April 14 (BestGrowthStock) – U.S. Treasuries fell on Wednesday
as regional shares firmed after solid results from Intel (INTC.O: )
helped shift investor demand towards riskier assets from
safe-haven government debt.

* Most Asian stock markets rose and U.S. stock futures
climbed (DJc1: )(SPc1: ), pointing to a possible strong opening in
New York, after Intel’s sales and margin forecasts trounced
market expectations, reinforcing hopes for an economic recovery.

* T-note futures fell 6.5/32 to 116-12/32 (TYv1: ). Benchmark
10-year notes slipped 3/32 in price to yield 3.836 percent
(US10YT=RR: ), up about a basis point from late New York trade on
Tuesday when the yield fell as far as 3.80 percent, a three-week

* Federal Reserve Chairman Ben Bernanke is expected to repeat
a mantra of near-zero interest rates at his testimony before the
Joint Economic Committee of Congress on Wednesday, mitigating any
selling of Treasuries on possible robust readings on retail

* While the U.S. economy is improving, it is unclear whether
it is strong enough to sustain its recovery without the U.S.
central bank’s ultra-loose monetary policy, traders said.

* Meanwhile, Richmond Fed President Jeffrey Lacker said on
late Tuesday that his conviction of the need to maintain the
Fed’s pledge to hold rates very low for an extended period is
softening. [ID:nN13113583] Lacker is not a voter on the Fed’s
interest rate setting panel this year.

* Data on U.S. retail sales and consumer price numbers are
both due at 1230 GMT. Analysts are expecting a 1.2 percent rise,
month-on-month, in retail sales after February’s 0.3 percent
gains. Economists expect the U.S. consumer price index (CPI) for
March to rise 0.1 percent compared to a flat reading in February.

* The 2- and 10-year yield spread stood at 276 basis points
in Asia, little changed after narrowing the previous day and
marking the tightest daily closing yield gap since March 24,
according to Reuters data.

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(Editing by Joseph Radford)

TREASURIES-Fall in Asia as regional shares firm