Thursday, June 21, 2007

TREASURIES-Long maturities fall on flood of corporate issuance

(Reuters) - NEW YORK, June 21 - Long-dated Treasuries fell
for a second straight day on Thursday on sales associated with
corporate debt issuance, but shorter maturities held steady,
supported by demand from investors seeking safe-haven assets
amid growing troubles in the subprime mortgage market.




Investors have gravitated to low-risk, short-dated
Treasuries to shield themselves from problems in the subprime
sector, which resurfaced in recent days involving two hedge
funds managed by Bear Stearns .


Read more at Reuters.com Bonds News

No comments: