1. Banks also advanced, reflecting the high yields of major bank stocks compared to government bond rates, traders said. 2. Bank and financial issues fell amid rising bond rates as investors expressed concern that strong U.S. economic expansion may lead to higher interest rates. 3. Behind the drop in long-term bond rates is a palpable shift in perceptions on Wall Street. 4. A rally on Wall Street helped lift confidence among investors who had been concerned that rising U.S. bond rates would draw money away from stocks. 5. But Greenspan did say he is concerned about the recent rise of long-term interest rates, especially corporate bond rates. 6. But Pace said it is crucial to get the tax on the November ballot while the economy is still good, bond rates are favorable and investors are willing. 7. But the weak euro now seems to be pushing up bond rates, which means that borrowing money is becoming costlier. 8. Canello said high bond rates combined with the possibility of an interest rate increase, make it a good time for people to take profits in some stocks. 9. Even though the market may bounce around a bit more, some money managers expect long-term bond rates to stabilize or even to come down a bit. 10. Falling bond rates in the U.S. makes Mexican investments more attractive, increasing demand for pesos. |