Tuesday, July 31, 2007

Treasury 10-Year Note Yield Holds Near Two-Month Low on Concern Over Risk

(Bloomberg) -- Treasury 10-year note yields held
near the lowest in two months on speculation losses among banks
and hedge funds from securities backed by subprime mortgages
will hurt the economy.

Falling home prices in May and an unexpected decline last
month in construction spending stoked concern housing weakness
will slow U.S. economic growth, while a Thomson Financial report
said lenders may back out of a loan to help fund the $37.2
billion leveraged buyout of TXU Corp.


Read more at Bloomberg Bonds News

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