(Bloomberg) -- U.S. Treasury notes rose as losses
at hedge funds run by Bear Stearns Cos. fed demand for the
relative safety of government securities.
Ten-year yields declined to the lowest in a week after Bear
Stearns told investors in one of its funds that they won't get
their money back. The yields have fallen 29 basis points from a
five-year high on June 13 as hedge funds incurred losses on
subprime debt and Moody's Investors Service and Standard &
Poor's cut ratings on the bonds.
Read more at Bloomberg Bonds News
at hedge funds run by Bear Stearns Cos. fed demand for the
relative safety of government securities.
Ten-year yields declined to the lowest in a week after Bear
Stearns told investors in one of its funds that they won't get
their money back. The yields have fallen 29 basis points from a
five-year high on June 13 as hedge funds incurred losses on
subprime debt and Moody's Investors Service and Standard &
Poor's cut ratings on the bonds.
Read more at Bloomberg Bonds News
No comments:
Post a Comment