(Reuters) - NEW YORK, June 8 - U.S. Treasury debt prices rose
on Friday on bargain-hunting and short-covering after benchmark
yields briefly advanced to five-year highs amid worries about
tightening credit conditions globally.
The market's mild recovery followed a plunge on Thursday,
but analysts and traders said a cross-section of players
including fund managers, central banks and mortgage companies
continued to liquidate long positions and rebalance their
books.
Read more at Reuters.com Bonds News
on Friday on bargain-hunting and short-covering after benchmark
yields briefly advanced to five-year highs amid worries about
tightening credit conditions globally.
The market's mild recovery followed a plunge on Thursday,
but analysts and traders said a cross-section of players
including fund managers, central banks and mortgage companies
continued to liquidate long positions and rebalance their
books.
Read more at Reuters.com Bonds News
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