U.S. 10-Year Yield Is Near One-Week Low as Moody's Lower Subprime Ratings

(Bloomberg) -- U.S. 10-year Treasury yields held
near a one-week low after Moody's Investors Service cut the debt
ratings on $5.2 billion of bonds backed by subprime mortgages.

Ten-year notes yesterday advanced for a second day as
Moody's announcement fed demand for the relative safety of
government debt. Standard & Poor's said it may lower the rating
on $12 billion of securities, citing a deepening decline in the
U.S. housing market.


Read more at Bloomberg Bonds News