Treasury Yields Fall on Merrill Loss, U.S. Home Sales Decline

Story date: 2007-10-24 12:56:00
Added on: 2007-10-24 18:00:20

Bloomberg - Merrill Lynch had $8.4 billion of writedowns, mostly related to losses on subprime mortgage loans. Sales of previously owned U.S. homes fell to the lowest on record. ``When you see financial institutions getting strained this way, that ...


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