(Bloomberg) -- European bonds rallied, pushing 10-
year yields to the lowest in almost seven weeks, as the risk of
owning corporate debt rose to a two-year high and investors
switched into safer government assets.
Benchmark yields were headed for the biggest weekly drop in
3 1/2 years on concern defaults on U.S. home loans to people
with poor credit histories will spread. Government debt around
the world rose this week after Bear Stearns Cos. told investors
they weren't likely to get money back from two of its hedge
funds that bet on securities backed by subprime mortgages.
Read more at Bloomberg Bonds News
year yields to the lowest in almost seven weeks, as the risk of
owning corporate debt rose to a two-year high and investors
switched into safer government assets.
Benchmark yields were headed for the biggest weekly drop in
3 1/2 years on concern defaults on U.S. home loans to people
with poor credit histories will spread. Government debt around
the world rose this week after Bear Stearns Cos. told investors
they weren't likely to get money back from two of its hedge
funds that bet on securities backed by subprime mortgages.
Read more at Bloomberg Bonds News
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