21. But the same insurance mechanism that stabilizes prices from a decline makes investors miss bond price rallies. 22. Canadian stocks rose in tandem with a late-day bond rally amid expectations of steady inflation and interest rates in the coming weeks, analysts said. 23. David Shulman, the chief equity strategist at Salomon Brothers, said there was no clear cause of the sell-off, other than the failed bond rally. 24. Denver also benefitted from a bond market rally that reduced yields to their lowest in more than a year. 25. Despite the bond rally, traders had mixed views on what the stock-market turmoil could signify for bonds in coming weeks and months. 26. David Adamo, fixed-income strategist at ScotiaMcLeod Inc., said any bond rally this week will be limited. 27. Economists also said that yet another rate cut early next year could jeopardize the current bond rally. 28. European bonds slumped, tracking a fall in Treasuries, as traders reassessed the likelihood of an imminent cut in rates that had helped extent the recent bond rally. 29. Expectations Asian economic weakness will help dampen inflation, averting official interest rate rises by the Federal Reserve and its European counterparts, prompted renewed bond market rallies. 30. Every game, appropriately, had overtones of World War II bond rallies and religious services. |