Monday, June 25, 2007

TREASURIES-Prices rise on safe-haven flows, rate cut hopes

(Reuters) - Treasuries also got some support from continuing
reverberations from the problems at hedge funds managed by Bear
Stearns and more evidence of a weak U.S. housing
market.




Last week, problems at two Bear Stearns' hedge funds
renewed worries about the spillover effect from the subprime
mortgage sector's woes, prompting safe-haven bids, with nervous
investors dumping stocks.


Read more at Reuters.com Bonds News

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