(Reuters) - NEW YORK, July 16 - U.S. Treasury debt prices
rose on Monday on worries that the subprime mortgage turmoil
will spill over to the broader economy, and prompt the Federal
Reserve to trim interest rates.
The benchmark ABX index, used by investors to hedge
subprime mortgage risks, sank to a fresh intraday low. This led
investors skittish about securities backed by subprime loans,
which are made to homeowners with blemished credit histories,
to buy less-risky U.S. government bonds.
Read more at Reuters.com Bonds News
rose on Monday on worries that the subprime mortgage turmoil
will spill over to the broader economy, and prompt the Federal
Reserve to trim interest rates.
The benchmark ABX index, used by investors to hedge
subprime mortgage risks, sank to a fresh intraday low. This led
investors skittish about securities backed by subprime loans,
which are made to homeowners with blemished credit histories,
to buy less-risky U.S. government bonds.
Read more at Reuters.com Bonds News
No comments:
Post a Comment