Wednesday, June 27, 2007

TREASURIES-Bond prices rise on lingering subprime woes

(Reuters) - These fears have been heightened after Bear Stearns
was forced to bail out a hedge fund which suffered large losses
due to its dealings in subprime mortgages.




"The subprime issue has become a much more focused problem.
It has certainly caused some unease in terms of the overall
equity market and the overall leverage picture. We have seen
some money flow into Treasuries," said Doug Bender, managing
director with McQueen, Ball & Associates in Bethlehem,
Pennsylvania.


Read more at Reuters.com Bonds News

No comments: