(Reuters) - Government bonds also got a boost from renewed hopes of a Federal Reserve interest rate cut by the end of the year and more evidence of a weak U.S. housing market.
"It's still a flight-to-quality bid. We still have problems continuing with the subprime CDO market and it's working its way into spreads. People are continuing to have a risk aversion," said Mary Ann Hurley, vice president of fixed-income trading at D.A. Davidson & Co. in Seattle.
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"It's still a flight-to-quality bid. We still have problems continuing with the subprime CDO market and it's working its way into spreads. People are continuing to have a risk aversion," said Mary Ann Hurley, vice president of fixed-income trading at D.A. Davidson & Co. in Seattle.
Read more at Reuters.com Hot Stocks News
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