The University of Michigan's final consumer sentiment index for July rose to 94.4, from 92.7 in June.

Other news favorable to bonds yesterday included the University of Michigan's preliminary consumer sentiment index for November.

On a positive note, the University of Michigan's consumer sentiment index rose to 92.0 in May, up from 88.4 in April.

And the University of Michigan's August consumer sentiment index dipped to 91.5 from 92.4 in July.

The University of Michigan's final consumer sentiment index for January rose to 97.6 from 95.1 in December.

The University of Michigan's consumer sentiment index showed a larger-than-expected drop in confidence.

The company's industrial sentiment index for the coming three months climbed 2 points, to 20, in January.

He also said that investors, based on Merrill's Lynch's sentiment index, were still too interested in the market.

The sentiment index edged down from 68.2 in December to 67.1 in January, but a decline of a point or so is not statistically significant.

Last week, the University of Michigan's consumer sentiment index showed that confidence in the economy was at its lowest point since the hurricanes last summer.