Tuesday, July 31, 2007

Treasury Notes Decline as Corporate Bond Risk Falls in Europe, Stocks Gain

(Bloomberg) -- Treasuries fell for a second day as a
measure of corporate bond risk declined in Europe, sparking
speculation investor demand for the relative safety of U.S. debt
is waning.

The yield on the 10-year note rose 2 basis points to 4.82
percent as of 8:06 a.m. in London, according to bond broker
Cantor Fitzgerald LP. The price of the 4 1/2 percent security due
in May 2017 declined 5/32, or $1.56 per $1,000 face amount, to 97
16/32.


Read more at Bloomberg Bonds News

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