Tuesday, July 3, 2007

Treasuries Drop as Index Shows Demand for Riskier Bond Assets Stabilizes

(Bloomberg) -- Treasuries fell as a drop in a
measure of the perceived risk of owning U.S. corporate bonds
reduced demand for the safety of government debt.

The CDX North America Crossover Index, made up of the debt
of 35 companies, fell for the first time in five days after
rising to a 10-month high yesterday, according to Deutsche Bank
AG.


Read more at Bloomberg Bonds News

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