Seven Factors Boosting Treasuries

This column was originally published on RealMoney on June 19 at 2:16 p.m. EDT. It's being republished as a bonus for TheStreet.com readers. For more information about subscribing to RealMoney, please click here.

The U.S. Treasury market is advancing on a number of factors, some of which would likely spur a significant advance if they developed further, although this is not yet in sight. The best bet is for stability in bonds -- no moon shot -- because many of the factors that recently drove yields higher are still in place. Here are seven factors boosting Treasuries:

Rally in European bonds: Weaker-than-expected readings on investor sentiment over the economic outlook in Germany and for the European community helped spur gains in European bonds, where yields are down between 4-6 basis points. Both the German and European ZEW surveys were weaker than expected (the ZEW is a survey of several hundred institutional investors).

Housing: Recent data on housing have been glum, particularly the monthly Housing Market Index released Monday from the National Association of Home Builders. Nothing gets the bond market going better than weak housing data. ...