(Reuters) - Treasuries had carved out some gains on buying out of Asia,
but turned negative as bids were awarded for the $4 billion
sale of mortgage bonds by a Bear Stearns hedge fund,
analysts said.
"The market went down about when the Bear Stearns thing was
to be priced. The 10-year has outperformed to the downside.
That tells me it probably was some of the Bear Stearns stuff
pricing into the market," said Andrew Brenner, markets analyst
at MAN Financial in New York.
Read more at Reuters.com Bonds News
but turned negative as bids were awarded for the $4 billion
sale of mortgage bonds by a Bear Stearns hedge fund,
analysts said.
"The market went down about when the Bear Stearns thing was
to be priced. The 10-year has outperformed to the downside.
That tells me it probably was some of the Bear Stearns stuff
pricing into the market," said Andrew Brenner, markets analyst
at MAN Financial in New York.
Read more at Reuters.com Bonds News
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