(Reuters) - Treasuries added to the gains they had made on Tuesday, when
Standard & Poor's said it might cut its ratings on $12.1 billion
of subprime mortgage-related debt on expectations of an 8 percent
drop in U.S. home prices and more mortgage defaults.
"It seems like the issue of subprime mortgages is having an
impact globally," said a proprietary trader in JGB futures.
Read more at Reuters.com Bonds News
Standard & Poor's said it might cut its ratings on $12.1 billion
of subprime mortgage-related debt on expectations of an 8 percent
drop in U.S. home prices and more mortgage defaults.
"It seems like the issue of subprime mortgages is having an
impact globally," said a proprietary trader in JGB futures.
Read more at Reuters.com Bonds News
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