(Bloomberg) -- Treasuries advanced for the first
time in four days on speculation subprime mortgage losses may
slow U.S. economic growth.
Losses from bonds secured by subprime home loans may reach
$52 billion amid rising foreclosures on the mortgages, analysts
at Credit Suisse Group said in a research note. Benchmark yields
increased last week the most in more than a year on reports for
June showing the economy added more jobs than economists
forecast and services industries unexpectedly grew at the
fastest pace in 14 months.
Read more at Bloomberg Bonds News
time in four days on speculation subprime mortgage losses may
slow U.S. economic growth.
Losses from bonds secured by subprime home loans may reach
$52 billion amid rising foreclosures on the mortgages, analysts
at Credit Suisse Group said in a research note. Benchmark yields
increased last week the most in more than a year on reports for
June showing the economy added more jobs than economists
forecast and services industries unexpectedly grew at the
fastest pace in 14 months.
Read more at Bloomberg Bonds News
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