U.S. Treasury Notes Rise First Time in Four Days on Concern Over Subprime

(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

Subprime Mortgage CDO Losses Could Reach $52 Billion, Credit Suisse Says

(Bloomberg) -- Losses from bonds secured by U.S.
subprime home loans may reach $52 billion amid rising
foreclosures on the mortgages, analysts at Credit Suisse Group
said.

Subprime defaults ``are clearly a huge problem'' for
investors in collateralized debt obligations, Credit Suisse
analysts led by Ivan Vatchkov in London wrote in a report. ``But
we do not think that they are a systemic one.''


Read more at Bloomberg Bonds News