Tuesday, July 24, 2007

TREASURIES-Benchmark yields hit 7-week lows as stocks sag

(Reuters) - NEW YORK, July 24 - U.S. government bond prices
rose on Tuesday as worries over the housing market knocked
stocks and heightened risk aversion, pushing benchmark Treasury
yields to seven-week lows.




However, a lack of liquidity, and perceptions that
Treasuries were at expensive levels, limited safe-haven flows
from the equity market, analysts said. Shares on Wall Street
tumbled after poor profits from companies related to the
housing market spooked investors. For details, see [.N].


Read more at Reuters.com Bonds News

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