(Bloomberg) -- Treasuries were little changed as a
global rally in stocks suggested waning concerns that a slump in
the U.S. subprime mortgage market will spread to the rest of the
economy.
Demand for the safety of government debt declined as Asian
and European benchmark stock indexes followed gains in the U.S.
yesterday. An index of emerging-market bonds compiled by
JPMorgan Chase & Co. yielded 1.64 percentage points more than
Treasuries, narrowing from 1.74 points July 10, showing
investors are seeking higher returns on riskier debt.
Read more at Bloomberg Bonds News
global rally in stocks suggested waning concerns that a slump in
the U.S. subprime mortgage market will spread to the rest of the
economy.
Demand for the safety of government debt declined as Asian
and European benchmark stock indexes followed gains in the U.S.
yesterday. An index of emerging-market bonds compiled by
JPMorgan Chase & Co. yielded 1.64 percentage points more than
Treasuries, narrowing from 1.74 points July 10, showing
investors are seeking higher returns on riskier debt.
Read more at Bloomberg Bonds News
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