(Bloomberg) -- European bonds rallied, pushing 10-
year yields to the lowest in more than six weeks, as the risk of
owning corporate debt rose to a two-year high and investors
switched into safer government assets.
Benchmark yields were also headed for the biggest weekly
drop in more than a year on concern defaults on home loans to
people with poor credit histories will spread. Government debt
around the world rose this week after Bear Stearns Cos. told
investors they weren't likely to get money back from two of its
hedge funds that bet on securities backed by subprime mortgages.
Read more at Bloomberg Bonds News
year yields to the lowest in more than six weeks, as the risk of
owning corporate debt rose to a two-year high and investors
switched into safer government assets.
Benchmark yields were also headed for the biggest weekly
drop in more than a year on concern defaults on home loans to
people with poor credit histories will spread. Government debt
around the world rose this week after Bear Stearns Cos. told
investors they weren't likely to get money back from two of its
hedge funds that bet on securities backed by subprime mortgages.
Read more at Bloomberg Bonds News
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