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Moody's encourages investors into T-Bonds
South East Asia News.Net
Wednesday 11th July, 2007 (BigNewsNetwork.com)
Government bonds have risen around the world after US$5.2 billion of bonds, backed by subprime mortgages, were downgraded by Moody's.
U.S ten-year Treasuries and German bunds have gained for a third day.
Japanese government bonds had their biggest rally in more than ten months on speculation the U.S. housing slump will slow the U.S economy.
Financial pundits are speculating that government bonds will do well over the next few days.
Standard & Poor's says it may also lower the ratings on US$12 billion of debt backed by subprime mortgages.  Email this story to a friend
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