(Reuters) - NEW YORK - U.S. Treasury debt prices rose on Friday on bargain-hunting and short-covering after benchmark yields briefly advanced to just below five-year highs amid worries about tightening credit conditions globally.
The market's mild recovery followed a plunge on Thursday, but analysts and traders said a cross-section of players including fund managers, central banks and mortgage companies continued to liquidate long positions and rebalance their books.
Read more at Reuters.com Hot Stocks News
The market's mild recovery followed a plunge on Thursday, but analysts and traders said a cross-section of players including fund managers, central banks and mortgage companies continued to liquidate long positions and rebalance their books.
Read more at Reuters.com Hot Stocks News
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