Friday, June 22, 2007

Treasuries Gain After Report Shows Weaker Business Confidence in Germany

(Bloomberg) -- U.S. Treasuries rose after stocks in
Europe slid following a report that showed business confidence
in Germany weakened more than forecast.

U.S. 10-year notes were little changed this week after a
slump since May that took benchmark yields to 5.32 percent, the
highest since April 2002. Investors have sought the relative
safety of shorter maturities, prompting the gap between yields
on two-year notes and 10-year debt to widen this week.


Read more at Bloomberg Bonds News

No comments: