(Bloomberg) -- U.S. 10-year Treasuries gained for a
third day on concern hedge fund losses tied to subprime mortgages
will become more widespread and stoke demand for government debt.
Benchmark debt advanced, sending 10-year yields to the
lowest in a week, as investors shifting out of riskier assets
pushed equity indexes down across Europe. Government securities
may also be buoyed before reports forecast to show consumer
confidence fell to a 10-month low in June and new home sales also
declined.
Read more at Bloomberg Bonds News
third day on concern hedge fund losses tied to subprime mortgages
will become more widespread and stoke demand for government debt.
Benchmark debt advanced, sending 10-year yields to the
lowest in a week, as investors shifting out of riskier assets
pushed equity indexes down across Europe. Government securities
may also be buoyed before reports forecast to show consumer
confidence fell to a 10-month low in June and new home sales also
declined.
Read more at Bloomberg Bonds News
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