(Bloomberg) -- Treasuries rose as a gauge of
corporate bond risk surged, fueling speculation losses on
securities backed by subprime mortgages will worsen.
The yield on the 10-year note fell 1 basis point, or 0.01
percentage point, to 4.75 percent as of 11:46 a.m. in London,
according to bond broker Cantor Fitzgerald LP. The price of the 4
1/2 percent note due May 2017 rose 3/32, or 94 cents per $1,000
face amount, to 98 01/32. Yields move inversely to bond prices.
Read more at Bloomberg Bonds News
corporate bond risk surged, fueling speculation losses on
securities backed by subprime mortgages will worsen.
The yield on the 10-year note fell 1 basis point, or 0.01
percentage point, to 4.75 percent as of 11:46 a.m. in London,
according to bond broker Cantor Fitzgerald LP. The price of the 4
1/2 percent note due May 2017 rose 3/32, or 94 cents per $1,000
face amount, to 98 01/32. Yields move inversely to bond prices.
Read more at Bloomberg Bonds News
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