Sunday, 22 July 2007

U.S. Treasuries May Add to Last Week's Gain as Appetite for Risk Recedes

(Bloomberg) -- Treasuries may add to last week's
biggest gain in more than four months on speculation investors
will seek the relative safety of government bonds as appetite for
risk diminishes.

Asian stocks headed lower in response to the slump in U.S.
subprime mortgages that drove U.S. shares down last week. Federal
Reserve Chairman Ben S. Bernanke said inflation will recede and
housing market weakness may slow the economy. The yield on 10-
year notes ended a week below 5 percent for the first time since
the start of June.


Read more at Bloomberg Bonds News

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