(Bloomberg) -- Treasuries rose, pushing yields on
two-year notes to the lowest since January 2006, 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, climbed the most in a week as
traders boosted speculation the Federal Reserve will cut
interest rates. The gains accelerated after Bear Stearns Cos.,
the second-largest underwriter of mortgage bonds, had its
credit-rating outlook cut to negative by Standard & Poor's.
Read more at Bloomberg Bonds News
two-year notes to the lowest since January 2006, 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, climbed the most in a week as
traders boosted speculation the Federal Reserve will cut
interest rates. The gains accelerated after Bear Stearns Cos.,
the second-largest underwriter of mortgage bonds, had its
credit-rating outlook cut to negative by Standard & Poor's.
Read more at Bloomberg Bonds News
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