Monday, August 6, 2007

U.S. Treasuries Decline on Concern Yields Declined Too Far, Too Fast

(Bloomberg) -- Treasuries fell on speculation yields
near the lowest in three months overstate concern that the
weakness in the U.S. subprime mortgage market will spread.

The 10-year note yield rose 2 basis points to 4.7 percent at
7:28 a.m. in New York, according to bond broker Cantor Fitzgerald
LP. The price of 4 1/2 percent notes due May 2017 fell 1/8, or
$1.25 cents per $1,000 face amount, at 98 14/32.


Read more at Bloomberg Bonds News

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