Monday, July 23, 2007

Treasuries Little Changed as Stocks Gain Amid Declining Subprime Concern

(Bloomberg) -- Treasuries were little changed after
paring earlier declines as gains in stocks suggested less concern
among investors that losses on subprime loans in the U.S. will
hurt the broader economy.

Treasuries gained last week as traders canceled bets on
riskier securities as credit spreads widened. As they became
fully hedged, Treasuries lost some momentum, traders said.


Read more at Bloomberg Bonds News

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