(Reuters) - NEW YORK, July 10 - U.S. stocks fell and Treasury
prices rose on Tuesday as a spate of profit warnings hurt
housing-related shares and sent investors out of stocks and
into safe-haven government debt.
Housing worries were further fanned when rating agency
Standard & Poor's said it may downgrade $12 billion worth of
bonds backed by subprime loans. Worries about fallout from
subprime mortgage losses sent investors into safe-haven
government debt prices, pushing Treasury yields lower.
Read more at Reuters.com Bonds News
prices rose on Tuesday as a spate of profit warnings hurt
housing-related shares and sent investors out of stocks and
into safe-haven government debt.
Housing worries were further fanned when rating agency
Standard & Poor's said it may downgrade $12 billion worth of
bonds backed by subprime loans. Worries about fallout from
subprime mortgage losses sent investors into safe-haven
government debt prices, pushing Treasury yields lower.
Read more at Reuters.com Bonds News
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