Friday, July 13, 2007

Treasuries Headed for a Weekly Advance on Concern Over Subprime Mortgages

(Bloomberg) -- Treasuries were headed for a weekly
advance on concern weakness in subprime mortgages may slow U.S.
economic growth.

Ten-year note yields were down more than 5 basis points for
the week. They dropped the most in more than four months on July
10 as Standard & Poor's and Moody's Investors Service warned
about the credit quality of subprime mortgages.


Read more at Bloomberg Bonds News

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