US Treasury debt prices rose on Thursday as Obama administration proposals to rein in financial risk sent stocks tumbling and boosted the safe-haven appeal of government debt. Treasuries reversed early losses as the Dow Jones industrial average hit a session low and the Nasdaq Composite Index and the Standard & Poor's 500 Index also dropped, pulled down by financial firms and natural resource companies. Major stock indices lost more than 1 percent.
0 comments
Post a Comment