(Bloomberg) -- Treasuries fell on speculation yields
near the lowest in three months overstated concern that the
weakness in the U.S. subprime mortgage market will spread.
The yield on the benchmark 10-year note rose 2 basis points,
or 0.02 percentage point, to 4.7 percent at 7:01 a.m. in London,
according to bond broker Cantor Fitzgerald LP. The price of the
4 1/2 percent notes due May 2017 fell 1/8, or $1.25 per $1,000
face amount, to 98 15/32.
Read more at Bloomberg Bonds News
near the lowest in three months overstated concern that the
weakness in the U.S. subprime mortgage market will spread.
The yield on the benchmark 10-year note rose 2 basis points,
or 0.02 percentage point, to 4.7 percent at 7:01 a.m. in London,
according to bond broker Cantor Fitzgerald LP. The price of the
4 1/2 percent notes due May 2017 fell 1/8, or $1.25 per $1,000
face amount, to 98 15/32.
Read more at Bloomberg Bonds News
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