(Bloomberg) -- European bonds surged, pushing 10-
year yields down the most in 3 1/2 years this week, as the risk
of owning corporate debt rose to a two-year high and investors
switched into safer government assets.
The benchmark bond yield fell to the lowest in seven weeks
today on concern defaults on U.S. home loans to people with poor
credit histories will spread. Government debt around the world
rallied this week after Bear Stearns Cos. told investors they
weren't likely to get money back from two of its hedge funds
that bet on securities backed by subprime mortgages.
Read more at Bloomberg Bonds News
year yields down the most in 3 1/2 years this week, as the risk
of owning corporate debt rose to a two-year high and investors
switched into safer government assets.
The benchmark bond yield fell to the lowest in seven weeks
today on concern defaults on U.S. home loans to people with poor
credit histories will spread. Government debt around the world
rallied this week after Bear Stearns Cos. told investors they
weren't likely to get money back from two of its hedge funds
that bet on securities backed by subprime mortgages.
Read more at Bloomberg Bonds News
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