Sunday, July 22, 2007

Treasuries Attract Cash-Flush Pension Funds Loaded With Stock Market Gains

(Bloomberg) -- Treasuries are getting an unexpected
boost from pension funds controlling more than $14 trillion.

Fund managers for companies including General Motors Corp.
and Alcatel-Lucent are shifting away from stocks to prepare for
accounting changes requiring them to more fully disclose the
value of their holdings. Bonds are gaining favor as funds seek
to avoid wider swings in prices that may accompany equities as
the new rules take effect, possibly later this year.


Read more at Bloomberg Bonds News

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