Treasuries Rise Most Since March on Concern Subprime Crisis to Cut Growth

(Bloomberg) -- Treasuries rose the most in
more than four months on increased speculation losses in
securities backed by subprime mortgage loans may curb U.S.
growth.

Federal Reserve Chairman Ben S. Bernanke testified
before Congress this week that inflation will recede and
housing market weakness may slow the economy. Reports next
week forecast by economists to show sales of new and
existing homes declined last month may extend a two-week
gain in Treasuries that's the biggest in more than three
years.


Read more at Bloomberg Bonds News