Thursday, July 26, 2007

Treasuries Heading for Biggest Weekly Gain in Five Months as Stocks Slump

(Bloomberg) -- U.S. 10-year Treasuries headed for
their biggest weekly gain in almost five months as investors sold
stocks and corporate bonds and sought the relative safety of
government debt.

Benchmark securities headed for a third weekly advance as
Asian stock markets slid today, extending a rout in global
equities on speculation a worsening U.S. housing slump will slow
growth in the world's biggest economy. New home sales fell more
than expected in June, the Commerce Department said yesterday.


Read more at Bloomberg Bonds News

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