Friday, August 3, 2007

Bond prices rise on subprime worries

(Reuters) - Signs of weakness in the economic data prompted investors to increase bets that the Federal Reserve may start cutting interest rates before the end of the year.




Investors also scurried for shelter in Treasuries due to a sell-off in stock markets on worries about banks' exposure to upheaval in the credit markets after a ratings agency gave investment bank Bear Stearns Cos. a negative outlook.


Read more at Reuters.com Hot Stocks News

No comments: