S Treasury debt prices extend losses DOLLAR U

Better than expected but not really market moving."CHARLIE SMITH, CHIEF INVESTMENT OFFICER, FORT PITT CAPITALGROUP, GREENTREE, PENNSYLVANIA:"I would need to know if the massive foreclosure trend is included in the data."Housing is basically what led us into this thing. If we get any glimmer of hope in housing, that would be a huge change. If we can get clarity on the foreclosure aspect of this number, that could be very bullish (for the economy) and bearish for government bond prices."MICHAEL SCHENK, SENIOR ECONOMIST, CREDIT UNION NATIONALASSOCIATION, MADISION, WISCONSIN:"This is the first time in a while that we have seen a return to normalcy in the relationship between lower mortgage rates and increased sales. That's good news, but it may be too soon to get really excited it yet."The problem is that the labor markets will weaken going forward.

That might not completely overwhelm the effect of lower interest rates, but people are reluctant to buy a home when they think their job prospects are not so great."Housing inventories dropped, but normally, inventories are about 6-1/2 months' supply so we're still a long way away from that."Rates clearly are the bright spot if you're looking for any good news and that was behind most of the change. We're probably very close to the lowest that these rates will ever be so there may be some piling on because of that Prices coming down helped, also. Affordability is higher than it has been.RALPH MANIGAT, SENIOR BOND STRATEGIST, 4CAST LTD, NEW YORK:"These numbers are not signs of rosy days ahead We are not out of the woods. We are off the highs (in Treasuries) but there's very little follow-through."MARKET REACTION: STOCKS: U.S.

equity indexes extend gains after better-than-expected existing home sales BONDS: U.S Treasury debt prices extend losses DOLLAR: U.S. dollar extends gains vs yen. U.S. Hot Stocks Housing Market. . Pittsburgh Steeler Troy Polamalu to Star on the Field and in a New Coke Zero AdReminiscent of Iconic Mean Joe Greene CommercialCoca-Cola to Debut Two Ads from New "Open Happiness" CampaignATLANTA(Business Wire)Ninth graph, first sentence of release should read: The 30-second "Avatar" showshow people in todays busy world use technology to stay virtually linked,creating a lack of real connection (sted The 30-second "Avatar" shows how peoplein todays busy use technology to stay virtually linked, creating a lack of realconnection). The corrected release reads: COKE ZERO AND COCA-COLA TO DEBUT NEW ADS DURING TELECAST OF SUPER BOWL XLIIIThis Sunday, Pittsburgh Steeler Troy Polamalu, one of footballs mostelectrifying players, takes on the starring role in "Mean Troy," a new Coke Zeroad that puts an unexpected twist on the iconic Coca-Cola "Mean Joe Greene"commercial.

On February 1, nearly 100 million fans watching NBCs broadcast of Super BowlXLIII will see Polamalu shine on the field, but one of the Pro Bowl safetysbiggest hits of the day may come in the first Coke Zero ad ever to air duringthe Super Bowl telecast. In the 30-second spot, Polamalu reprises the part madefamous by Pittsburgh Steelers legend "Mean" Joe Greene, but in true Coke Zerostyle, he takes the role in an entirely different direction. The first 12 seconds of the new Coke Zero spot are certain to cause double-takesas they mimic the look of the original ad. The scene opens with Polamalu limpingdown a tunnel to the locker room, followed closely by a young fan who offers anice-cold Coke Zero to his battered hero.