Tuesday, 03 July 2007

Treasuries Are Little Changed as Stocks Rally in Europe, U.K. and Japan

(Bloomberg) -- Treasuries were little changed as
stock markets in the U.K., Germany and Japan rallied.

Benchmark 10-year U.S. note yields fell yesterday below 5
percent for the first time in more than three weeks on concern
over weakness in the subprime mortgage sector and terror
threats. Deutsche Bank AG said in a research note that U.S. and
European bonds are expensive relative to share prices.


Read more at Bloomberg Bonds News

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