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US Bonds: Tsys Bid on Risk Aversion; Fade Late as Stks Gain
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2008/02/14 10:55
(Beijing - China) |
Source:
Sheila Mullan
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Feb 13 / 16:43 EST
US Bonds: Tsys Bid on Risk Aversion; Fade Late as Stks Gain
By Sheila Mullan
NEW YORK, Feb. 13 (MNI) - Prices of U.S. Treasuries ended lower after maintaining a safe-haven bid for much of the day but then fading late as U.S. stocks surged toward the close. For much of Wednesday, Treasuries held a strong risk-aversion bid amid widespread concern about student loan bond auctions and auction rate securities sales. Traders also cited fear ...
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