(Bloomberg) -- Treasuries headed for their biggest
monthly gain since February as a worldwide slump in stocks and
corporate bonds sent investors flocking to the relative safety of
government debt.
The Treasury rally picked up in the middle of July when
losses in mortgage-linked bonds at hedge funds run by Bear
Stearns Cos. led fund managers to dump holdings of riskier assets.
A government report today may show consumer spending increased at
the slowest pace in nine months in June.
Read more at Bloomberg Bonds News
monthly gain since February as a worldwide slump in stocks and
corporate bonds sent investors flocking to the relative safety of
government debt.
The Treasury rally picked up in the middle of July when
losses in mortgage-linked bonds at hedge funds run by Bear
Stearns Cos. led fund managers to dump holdings of riskier assets.
A government report today may show consumer spending increased at
the slowest pace in nine months in June.
Read more at Bloomberg Bonds News
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