(Bloomberg) -- Japanese bonds posted the first
weekly gain this month amid speculation investors sought the
relative safety of government debt because of losses on
securities tied to U.S. mortgages.
The 10-year yield fell to the lowest since July 11 as U.S.
investment bank Bear Stearns Cos. told investors in its two
failed hedge funds that they will get little or no money back.
Federal Reserve Chairman Ben S. Bernanke said on July 19 that
losses associated with the home loans to people with poor credit
may be as much as $100 billion.
Read more at Bloomberg Bonds News
weekly gain this month amid speculation investors sought the
relative safety of government debt because of losses on
securities tied to U.S. mortgages.
The 10-year yield fell to the lowest since July 11 as U.S.
investment bank Bear Stearns Cos. told investors in its two
failed hedge funds that they will get little or no money back.
Federal Reserve Chairman Ben S. Bernanke said on July 19 that
losses associated with the home loans to people with poor credit
may be as much as $100 billion.
Read more at Bloomberg Bonds News
No comments:
Post a Comment