(Bloomberg) -- European government bonds rallied,
with 10-year yields posting their biggest weekly drop in 3 1/2
years, as the risk of owning corporate debt rose to a two-year
high and investors switched into the safest assets.
Bund yields slid to a seven-week low on concern defaults on
U.S. home loans to people with poor credit histories will spread
to the wider economy. Government debt around the world rose this
week after Bear Stearns Cos. told investors they weren't likely
to get their money back from two of its hedge funds that bet on
securities backed by subprime mortgages.
Read more at Bloomberg Bonds News
with 10-year yields posting their biggest weekly drop in 3 1/2
years, as the risk of owning corporate debt rose to a two-year
high and investors switched into the safest assets.
Bund yields slid to a seven-week low on concern defaults on
U.S. home loans to people with poor credit histories will spread
to the wider economy. Government debt around the world rose this
week after Bear Stearns Cos. told investors they weren't likely
to get their money back from two of its hedge funds that bet on
securities backed by subprime mortgages.
Read more at Bloomberg Bonds News
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