(Reuters) - NEW YORK, June 21 - Longer-dated U.S. Treasury
debt prices fell on Thursday after a stronger-than-expected
regional business activity reading, but shorter-maturity debt
held up better as investors sought safe-haven assets amid
growing troubles in the U.S. subprime mortgage market.
"The short end of the market is doing well,
maybe on a bit of a flight to quality because of concern about
Bear Stearns and their mortgage hedge funds," said Gary
Pollack, managing director of fixed income, Deutsche Bank
Private Wealth Management in New York.
Read more at Reuters.com Bonds News
debt prices fell on Thursday after a stronger-than-expected
regional business activity reading, but shorter-maturity debt
held up better as investors sought safe-haven assets amid
growing troubles in the U.S. subprime mortgage market.
"The short end of the market is doing well,
maybe on a bit of a flight to quality because of concern about
Bear Stearns and their mortgage hedge funds," said Gary
Pollack, managing director of fixed income, Deutsche Bank
Private Wealth Management in New York.
Read more at Reuters.com Bonds News
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