Thursday, July 12, 2007

Treasuries Decline Second Day as Stocks Advance, Concern Over Risk Eases

(Bloomberg) -- Treasuries fell for a second
straight day as stocks advanced, suggesting investors are
becoming less averse to risky assets.

Expectations for higher corporate profits and takeover
speculation eased concern a housing market slump will curb
economic growth. Treasuries advanced the most since February on
July 10 as Standard & Poor's and Moody's Investors Service
warned about the credit quality of subprime mortgages.


Read more at Bloomberg Bonds News

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