(Reuters) - NEW YORK, July 12 - U.S. government bond prices
slipped on Thursday as a sizzling stock market rally convinced
investors to buy stocks instead of bonds.
Bond losses were modest, however, in the context of such
spectacular stock gains. As the Dow Jones industrial average
scored its first gain of more than 200 points in a year and its
biggest point climb since 2002, the benchmark 10-year Treasury
note gave up about a third of a point.
Read more at Reuters.com Bonds News
slipped on Thursday as a sizzling stock market rally convinced
investors to buy stocks instead of bonds.
Bond losses were modest, however, in the context of such
spectacular stock gains. As the Dow Jones industrial average
scored its first gain of more than 200 points in a year and its
biggest point climb since 2002, the benchmark 10-year Treasury
note gave up about a third of a point.
Read more at Reuters.com Bonds News
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