(Reuters) - NEW YORK, July 16 - U.S. government bond prices
rose on Monday as subprime mortgage assets weakened,
underscoring persistent worries about the housing sector and
burnishing Treasuries' safe-haven allure.
The benchmark ABX subprime mortgage index, used by
investors to hedge subprime mortgage risks, tumbled to a new
intraday low. Falling prices of securities tied to lending to
homeowners with poor credit have recently diminished investors'
demand for riskier assets and sent flows into less volatile
U.S. government bonds.
Read more at Reuters.com Bonds News
rose on Monday as subprime mortgage assets weakened,
underscoring persistent worries about the housing sector and
burnishing Treasuries' safe-haven allure.
The benchmark ABX subprime mortgage index, used by
investors to hedge subprime mortgage risks, tumbled to a new
intraday low. Falling prices of securities tied to lending to
homeowners with poor credit have recently diminished investors'
demand for riskier assets and sent flows into less volatile
U.S. government bonds.
Read more at Reuters.com Bonds News
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