(Reuters) - Last week, problems at two Bear Stearns' hedge funds renewed worries about the spillover effect from the subprime mortgage sector's woes, prompting safe-haven bids, with nervous investors dumping stocks.
"The market went off very strong on Friday and this is just follow through short-covering from last week. There is very decent mortgage buying on the back of this short-covering, that is producing buyers of Treasuries," said Thomas di Galoma, head of U.S. Treasury trading at Jefferies & Co in New York.
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"The market went off very strong on Friday and this is just follow through short-covering from last week. There is very decent mortgage buying on the back of this short-covering, that is producing buyers of Treasuries," said Thomas di Galoma, head of U.S. Treasury trading at Jefferies & Co in New York.
Read more at Reuters.com Hot Stocks News
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