(Bloomberg) -- Treasuries rose, pushing yields on
10-year notes to the lowest since May, after global stock markets
tumbled and investors retreated from riskier assets to the safety
of government debt.
The difference between yields on two-year notes and 10-year
securities touched the widest since October 2005 as the more than
one-month rout in subprime mortgages extended to other credit
markets. Prices to insure debt against default using credit-
default swaps jumped to the highest in more than two years. About
40 companies reworked or abandoned deals in the past three weeks.
Read more at Bloomberg Bonds News
10-year notes to the lowest since May, after global stock markets
tumbled and investors retreated from riskier assets to the safety
of government debt.
The difference between yields on two-year notes and 10-year
securities touched the widest since October 2005 as the more than
one-month rout in subprime mortgages extended to other credit
markets. Prices to insure debt against default using credit-
default swaps jumped to the highest in more than two years. About
40 companies reworked or abandoned deals in the past three weeks.
Read more at Bloomberg Bonds News
No comments:
Post a Comment