(Reuters) - NEW YORK, June 25 - U.S. Treasury debt prices
rose on Monday, driven by falling stock markets and investors'
concerns that problems in hedge funds with large subprime
mortgage holdings could spill into financial markets.
Bond prices opened higher after foreign bond markets firmed
in reaction to stock weakness overseas. Although U.S. stock
markets opened higher, squeezing bond gains, they suddenly
turned lower in mid-afternoon trade as subprime woes bubbled to
the surface again.
Read more at Reuters.com Bonds News
rose on Monday, driven by falling stock markets and investors'
concerns that problems in hedge funds with large subprime
mortgage holdings could spill into financial markets.
Bond prices opened higher after foreign bond markets firmed
in reaction to stock weakness overseas. Although U.S. stock
markets opened higher, squeezing bond gains, they suddenly
turned lower in mid-afternoon trade as subprime woes bubbled to
the surface again.
Read more at Reuters.com Bonds News
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