(Bloomberg) -- U.S. 10-year Treasury notes rose
after Moody's Investors Service cut the ratings on $5.2 billion
of bonds backed by subprime mortgages, feeding demand for the
relative safety of government debt.
The yield on the benchmark 10-year note fell 2 basis points
to 5.01 percent as of 10:20 a.m. in Singapore, according to bond
broker Cantor Fitzgerald LP. The price of the 4 1/2 percent
security due in May 2017 rose 1/8, or $1.25 per $1,000 face
amount, to 96 2/32.
Read more at Bloomberg Bonds News
after Moody's Investors Service cut the ratings on $5.2 billion
of bonds backed by subprime mortgages, feeding demand for the
relative safety of government debt.
The yield on the benchmark 10-year note fell 2 basis points
to 5.01 percent as of 10:20 a.m. in Singapore, according to bond
broker Cantor Fitzgerald LP. The price of the 4 1/2 percent
security due in May 2017 rose 1/8, or $1.25 per $1,000 face
amount, to 96 2/32.
Read more at Bloomberg Bonds News
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