(Bloomberg) -- Treasuries fell for the first time
in three days as ebbing concern over losses in securities backed
by subprime mortgage loans fueled gains in equities.
Investors sold government debt after Merrill Lynch & Co.,
the third-biggest U.S. securities firm, said second-quarter
profit rose 31 percent even as revenue declined in the unit that
includes its mortgage business. U.S. stocks rose, with the Dow
Jones Industrial Average surpassing 14,000 for the first time.
Read more at Bloomberg Bonds News
in three days as ebbing concern over losses in securities backed
by subprime mortgage loans fueled gains in equities.
Investors sold government debt after Merrill Lynch & Co.,
the third-biggest U.S. securities firm, said second-quarter
profit rose 31 percent even as revenue declined in the unit that
includes its mortgage business. U.S. stocks rose, with the Dow
Jones Industrial Average surpassing 14,000 for the first time.
Read more at Bloomberg Bonds News
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