(Bloomberg) -- Government bonds rose around the
world after Moody's Investors Service cut the ratings on $5.2
billion of bonds backed by subprime mortgages, spurring demand
for the safest assets.
Benchmark 10-year Treasuries and German bunds gained for a
third day and Japanese government bonds had their biggest rally
in more than 10 months on speculation a deepening U.S. housing
slump will slow the world's biggest economy.
Read more at Bloomberg Bonds News
world after Moody's Investors Service cut the ratings on $5.2
billion of bonds backed by subprime mortgages, spurring demand
for the safest assets.
Benchmark 10-year Treasuries and German bunds gained for a
third day and Japanese government bonds had their biggest rally
in more than 10 months on speculation a deepening U.S. housing
slump will slow the world's biggest economy.
Read more at Bloomberg Bonds News
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