Friday, August 3, 2007

REFILE-TREASURIES-Bond gains grow as stocks tank on Bear remarks

(Reuters) - Major U.S. stock indexes slid as much as 1.6 percent,
sending jittery investors scrambling for the safety of
Treasury securities, traders and fund managers said.




"Everyone's jumping on the bandwagon that the Federal
Reserve would have to ease with this subprime situation," said
Richard Schlanger, portfolio manager at Pioneer Investments
USA in Boston.


Read more at Reuters.com Bonds News

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