(Bloomberg) -- Treasuries rose after weaker-than-
forecast reports on jobs and services reinforced bets that
housing market weakness will lead to a broad economic slowdown.
Two-year notes, more sensitive than longer-maturity debt to
changes in monetary policy, rose the most in a week as traders
increased speculation that the Federal Reserve will cut interest
rates this year. The gains accelerated after Bear Stearns Cos.,
the second-largest underwriter of mortgage-backed bonds, had its
credit-rating outlook cut to negative by Standard & Poor's.
Read more at Bloomberg Bonds News
forecast reports on jobs and services reinforced bets that
housing market weakness will lead to a broad economic slowdown.
Two-year notes, more sensitive than longer-maturity debt to
changes in monetary policy, rose the most in a week as traders
increased speculation that the Federal Reserve will cut interest
rates this year. The gains accelerated after Bear Stearns Cos.,
the second-largest underwriter of mortgage-backed bonds, had its
credit-rating outlook cut to negative by Standard & Poor's.
Read more at Bloomberg Bonds News
No comments:
Post a Comment