(Reuters) - U.S. 10-year Treasury futures rose sharply and the benchmark
10-year yield dipped below 5.0 percent in Asia, after jumping on
Tuesday as worries about the subprime mortgage market prompted
investors to seek the safety of U.S. government bonds.
Treasuries added to the gains they had made on Tuesday, when
Standard & Poor's said it might cut its ratings on $12.1 billion
of subprime mortgage-related debt on expectations of an 8 percent
drop in U.S. home prices and more mortgage defaults.
Read more at Reuters.com Bonds News
10-year yield dipped below 5.0 percent in Asia, after jumping on
Tuesday as worries about the subprime mortgage market prompted
investors to seek the safety of U.S. government bonds.
Treasuries added to the gains they had made on Tuesday, when
Standard & Poor's said it might cut its ratings on $12.1 billion
of subprime mortgage-related debt on expectations of an 8 percent
drop in U.S. home prices and more mortgage defaults.
Read more at Reuters.com Bonds News
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