Thursday, 21 June 2007

Treasury Two-Year Notes Rise on Concern Losses at Hedge Funds May Widen

(Bloomberg) -- Treasury two-year notes rose as
investors sought refuge in the safest debt on concern losses at
hedge funds run by Bear Stearns Cos. may widen.

The difference in yields between two-year notes, which
typically gain more in times of turmoil, and benchmark 10-year
yields increased to the most since May 2006. The perceived risk
of owning corporate bonds jumped to the highest in nine months.


Read more at Bloomberg Bonds News

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