(Bloomberg) -- U.S. Treasuries rose on speculation
losses on debt backed by subprime mortgages will exacerbate a
housing slowdown and curb economic growth.
The yield on benchmark 10-year notes fell 2 basis points to
5.07 percent as of 9:37 a.m. in London, according to bond broker
Cantor Fitzgerald LP. The price of the 4 1/2 percent security
due in May 2017 rose 5/32, or $1.56 per $1,000 face amount, to
95 10/16. A basis point is 0.01 percentage point.
Read more at Bloomberg Bonds News
losses on debt backed by subprime mortgages will exacerbate a
housing slowdown and curb economic growth.
The yield on benchmark 10-year notes fell 2 basis points to
5.07 percent as of 9:37 a.m. in London, according to bond broker
Cantor Fitzgerald LP. The price of the 4 1/2 percent security
due in May 2017 rose 5/32, or $1.56 per $1,000 face amount, to
95 10/16. A basis point is 0.01 percentage point.
Read more at Bloomberg Bonds News
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