(Reuters) - NEW YORK, July 23 - U.S. government bonds eased
on Monday, pulling benchmark yields back from recent six-week
lows, as a dearth of subprime mortgage news prompted the
unwinding of flight-to-quality trades and stocks surged after
Friday's plunge.
Analysts said the market was looking a bit expensive after
the 10-year Treasury note yield dived to 4.93 percent on
Friday, its lowest level since June 5. That was triggered by
mounting problems in the subprime sector.
Read more at Reuters.com Bonds News
on Monday, pulling benchmark yields back from recent six-week
lows, as a dearth of subprime mortgage news prompted the
unwinding of flight-to-quality trades and stocks surged after
Friday's plunge.
Analysts said the market was looking a bit expensive after
the 10-year Treasury note yield dived to 4.93 percent on
Friday, its lowest level since June 5. That was triggered by
mounting problems in the subprime sector.
Read more at Reuters.com Bonds News
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