Thursday, June 21, 2007

TREASURIES-Short maturities tap subprime safe haven bid

(Reuters) - NEW YORK, June 21 - Shorter maturity U.S.
government debt prices edged up on Thursday as investors sought
safe-haven assets amid growing troubles in the subprime
mortgage market, but longer maturities slipped amid a slew of
corporate bond issuance, traders said.




Investors have been gravitating to low-risk, short-dated
Treasuries to shield themselves from problems in the subprime
sector, which resurfaced in recent days involving two hedge
funds managed by Bear Stearns .


Read more at Reuters.com Bonds News

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