Tuesday, 03 July 2007

Emerging debt-Prices track stocks higher, spreads tighten

(Reuters) - Emerging debt markets started their recovery on Monday,
after losses of more than 2 percent in June, as yields of the
benchmark 10-year Treasury notes fell below the key level of 5
percent, encouraging investors to take on risk.




The upward trend remained on Tuesday, even as 10-year
Treasuries yields rose slightly to about 5.04 percent. Trading
volumes were light, though, as the debt market will have an
early close before the U.S. Independence Day holiday on
Wednesday.


Read more at Reuters.com Bonds News

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