(Bloomberg) -- U.S. 10-year notes rose for a fourth
day, the longest run of gains since February, as investors turn
more risk averse on concerns losses linked to subprime mortgages
in the U.S. will hurt the wider global economy.
Yields fell to the lowest in almost three weeks after losses
at hedge funds run by Bear Stearns Cos. and the U.K.'s Queen's
Walk Investment Ltd. showed increases in mortgage defaults may
impair the value of securities backed by pools of debt. Stock
markets also declined, with European equities dropping for a
fifth day, boosting Treasuries.
Read more at Bloomberg Bonds News
day, the longest run of gains since February, as investors turn
more risk averse on concerns losses linked to subprime mortgages
in the U.S. will hurt the wider global economy.
Yields fell to the lowest in almost three weeks after losses
at hedge funds run by Bear Stearns Cos. and the U.K.'s Queen's
Walk Investment Ltd. showed increases in mortgage defaults may
impair the value of securities backed by pools of debt. Stock
markets also declined, with European equities dropping for a
fifth day, boosting Treasuries.
Read more at Bloomberg Bonds News
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