(Bloomberg) -- Treasuries rose, pushing the
benchmark 10-year note's yield below 5 percent, on speculation
rising subprime mortgage defaults will lead to higher lending
costs for private borrowers and curb economic growth.
Ten-year notes headed for their second straight weekly gain
as gauges of investor appetite for credit risk fell. Federal
Reserve Chairman Ben S. Bernanke told Congress this week that
conditions in the subprime mortgage market ``have deteriorated
significantly.''
Read more at Bloomberg Bonds News
benchmark 10-year note's yield below 5 percent, on speculation
rising subprime mortgage defaults will lead to higher lending
costs for private borrowers and curb economic growth.
Ten-year notes headed for their second straight weekly gain
as gauges of investor appetite for credit risk fell. Federal
Reserve Chairman Ben S. Bernanke told Congress this week that
conditions in the subprime mortgage market ``have deteriorated
significantly.''
Read more at Bloomberg Bonds News
No comments:
Post a Comment