(Reuters) - NEW YORK, July 26 - U.S. government bond prices
surged on Thursday, driving benchmark yields to two-month lows,
as investors bailed out of stocks and other riskier assets on
deepening worries of a global credit crunch.
Surprisingly weak economic data also added to a flight to
safety bid for Treasuries, giving the benchmark 10-year
Treasury notes their best daily performance since Feb. 27 and
putting two-year notes on track for their biggest one-day drop
in yields since 2004.
Read more at Reuters.com Bonds News
surged on Thursday, driving benchmark yields to two-month lows,
as investors bailed out of stocks and other riskier assets on
deepening worries of a global credit crunch.
Surprisingly weak economic data also added to a flight to
safety bid for Treasuries, giving the benchmark 10-year
Treasury notes their best daily performance since Feb. 27 and
putting two-year notes on track for their biggest one-day drop
in yields since 2004.
Read more at Reuters.com Bonds News
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