Friday, 13 July 2007

Treasuries Headed for Weekly Gain on Concern Over Subprime Mortgage Crisis

(Bloomberg) -- Treasuries were poised for a weekly
gain as the subprime mortgage crisis sent investors to the
safety of U.S. government debt and raised concern housing
weakness will slow economic growth.

Benchmark 10-year note yields have fallen almost 8 basis
points so far this week. Treasuries gained today as a Commerce
Department report showed U.S. retail sales fell last month by
the most in almost two years.


Read more at Bloomberg Bonds News

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