Monday, June 25, 2007

GLOBAL MARKETS-Subprime saps Wall Street, bonds benefit

(Reuters) - NEW YORK, June 25 - Stocks retreated on Wall
Street and Treasury bonds rallied as worries over the mortgage
mess in the United States gripped financial markets on Monday.




Oil clawed back heavy early losses to settle a shade higher
on the day at just above $69 . The dollar stuck to a
tight range against the euro at $1.3462 as traders were
cautious ahead of a Federal Reserve meeting later this week.


Read more at Reuters.com Bonds News

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