(Bloomberg) -- U.S. Treasuries fell for a third day
as a global rally in stocks extended to Asia, suggesting waning
demand for the relative safety of government debt.
Treasury notes added to losses from yesterday, when the
Standard & Poor's 500 Index rose to a record and Federal Reserve
Bank of San Francisco President Janet Yellen said employment
growth is ``robust.'' The comment helped ease concern that
losses tied to bonds backed by subprime mortgages will dent
economic growth.
Read more at Bloomberg Bonds News
as a global rally in stocks extended to Asia, suggesting waning
demand for the relative safety of government debt.
Treasury notes added to losses from yesterday, when the
Standard & Poor's 500 Index rose to a record and Federal Reserve
Bank of San Francisco President Janet Yellen said employment
growth is ``robust.'' The comment helped ease concern that
losses tied to bonds backed by subprime mortgages will dent
economic growth.
Read more at Bloomberg Bonds News
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