(Reuters) - "The flight-to-quality characteristics of the market are
fading from the subprime story," said a Treasuries trader at a
European bank in Tokyo. "The problem is a lot of people in the
market are long, so they are less sensitive to ABX."
Treasuries have also gotten a boost as signs of cooling price
pressures have prompted investors to think the Fed's next move on
policy may be to cut interest rates from the current 5.25 percent
later this year or in 2008.
Read more at Reuters.com Bonds News
fading from the subprime story," said a Treasuries trader at a
European bank in Tokyo. "The problem is a lot of people in the
market are long, so they are less sensitive to ABX."
Treasuries have also gotten a boost as signs of cooling price
pressures have prompted investors to think the Fed's next move on
policy may be to cut interest rates from the current 5.25 percent
later this year or in 2008.
Read more at Reuters.com Bonds News
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