(Reuters) - NEW YORK, Aug 3 - The U.S. Treasury debt market
rallied on Friday with benchmark 10-year yields falling to
their lowest levels since May, as subprime fears drove
investors from stocks into bonds and other low-risk assets.
Safety bids for Treasuries and the stock sell-off
intensified after a top executive at Bear Stearns, whose
subprime hedge funds racked up heavy losses, said fixed-income
market conditions were at their worst in 22 years.
Read more at Reuters.com Bonds News
rallied on Friday with benchmark 10-year yields falling to
their lowest levels since May, as subprime fears drove
investors from stocks into bonds and other low-risk assets.
Safety bids for Treasuries and the stock sell-off
intensified after a top executive at Bear Stearns, whose
subprime hedge funds racked up heavy losses, said fixed-income
market conditions were at their worst in 22 years.
Read more at Reuters.com Bonds News
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