(Reuters) - NEW YORK, July 23 - U.S. stocks rose on Monday,
as better-than-expected profits from Merck & Co. and a nearly
$18 billion takeover in the oil services industry reassured
investors, while Treasuries eased on the respite from risk
aversion over fears about the subprime credit market.
The fall in U.S. government bond prices pulled benchmark
yields back from recent six-week lows, while the dollar was
little changed and within striking distance of a record low
against the euro hit overnight.
Read more at Reuters.com Bonds News
as better-than-expected profits from Merck & Co. and a nearly
$18 billion takeover in the oil services industry reassured
investors, while Treasuries eased on the respite from risk
aversion over fears about the subprime credit market.
The fall in U.S. government bond prices pulled benchmark
yields back from recent six-week lows, while the dollar was
little changed and within striking distance of a record low
against the euro hit overnight.
Read more at Reuters.com Bonds News
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