(Bloomberg) -- European bonds headed for a third
week of gains, the longest run in almost five months, as traders
switched to the safety of government debt after stocks plunged
around the world.
The rally in bonds pushed 10-year yields to near the lowest
since May as the risk of owning company debt surged to a record.
A gauge of corporate borrowing costs reached the highest since
October 2001 after hedge funds and banks reported losses on
investments backed by U.S. subprime mortgages.
Read more at Bloomberg Bonds News
week of gains, the longest run in almost five months, as traders
switched to the safety of government debt after stocks plunged
around the world.
The rally in bonds pushed 10-year yields to near the lowest
since May as the risk of owning company debt surged to a record.
A gauge of corporate borrowing costs reached the highest since
October 2001 after hedge funds and banks reported losses on
investments backed by U.S. subprime mortgages.
Read more at Bloomberg Bonds News
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