(Bloomberg) -- Treasuries declined for the first
time in three days as stocks advanced and Federal Reserve Bank
of Philadelphia President Charles Plosser said the housing slump
is unlikely to derail economic growth.
The drop in government bonds suggested investors' demand
for the safest debt prompted by the rout in subprime mortgages
may ease. Ten-year note yields earlier fell to the lowest in
more than a month after Moody's Investors Service and Standard &
Poor's warned about the credit quality of billions of dollars in
bonds backed by subprime loans.
Read more at Bloomberg Bonds News
time in three days as stocks advanced and Federal Reserve Bank
of Philadelphia President Charles Plosser said the housing slump
is unlikely to derail economic growth.
The drop in government bonds suggested investors' demand
for the safest debt prompted by the rout in subprime mortgages
may ease. Ten-year note yields earlier fell to the lowest in
more than a month after Moody's Investors Service and Standard &
Poor's warned about the credit quality of billions of dollars in
bonds backed by subprime loans.
Read more at Bloomberg Bonds News
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