(Bloomberg) -- Treasuries fell for the first time
in three days as U.S. stocks advanced, suggesting demand for the
safety of government debt may ease.
Investors sold bonds as Federal Reserve Bank of
Philadelphia President Charles Plosser said the housing slump is
unlikely to have large ``spillovers'' into the broader economy.
Ten-year note yields earlier dropped to the lowest in more than
a month after Moody's Investors Service yesterday cut the
ratings on $5.2 billion of bonds backed by subprime mortgages.
Read more at Bloomberg Bonds News
in three days as U.S. stocks advanced, suggesting demand for the
safety of government debt may ease.
Investors sold bonds as Federal Reserve Bank of
Philadelphia President Charles Plosser said the housing slump is
unlikely to have large ``spillovers'' into the broader economy.
Ten-year note yields earlier dropped to the lowest in more than
a month after Moody's Investors Service yesterday cut the
ratings on $5.2 billion of bonds backed by subprime mortgages.
Read more at Bloomberg Bonds News
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