(Bloomberg) -- Treasuries fell as record stocks and
an unexpected drop in new claims for unemployment benefits
indicated the U.S. economy is weathering a slump in housing.
The declines were limited by drops in a regional
manufacturing index and a gauge of future economic growth, as
well as fresh signs defaults on subprime mortgages are hurting
investors. For the third time in three weeks, the benchmark 10-
year note's yield yesterday traded below 5 percent before
closing above that level as investors demanded higher returns.
Read more at Bloomberg Bonds News
an unexpected drop in new claims for unemployment benefits
indicated the U.S. economy is weathering a slump in housing.
The declines were limited by drops in a regional
manufacturing index and a gauge of future economic growth, as
well as fresh signs defaults on subprime mortgages are hurting
investors. For the third time in three weeks, the benchmark 10-
year note's yield yesterday traded below 5 percent before
closing above that level as investors demanded higher returns.
Read more at Bloomberg Bonds News
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