Wednesday, June 13, 2007

Treasuries Stabilize After Slump Pushes Benchmark Yield to Five-Year High

(Bloomberg) -- Treasuries stabilized after yields
on 10-year notes reached a five-year high, prompting speculation
increased borrowing costs for businesses and households will
curb growth in the U.S. economy.

``The housing sector has already slowed down and rising
yields will hurt it again,'' said Masataka Horii, a manager for
the $46 billion Kokusai Global Sovereign Open fund in Tokyo, the
world's second-biggest bond fund. ``We don't have any concern
about inflation.''


Read more at Bloomberg Bonds News

No comments: