1. Bonds rose early in the day, bolstered by carry-over buying from Tuesday and by a firmer dollar. 2. A firmer dollar, which was higher against both the German mark and the Japanese yen, also helped to give Treasury securities a lift. 3. A firmer dollar and weaker yen also weighed on bonds. 4. A firmer dollar makes both the currency and securities denominated in it more attractive to investors. 5. Exporters, helped by a firmer dollar, and financial companies, lifted by stronger bonds, were among the best performers. 6. For Europe and Japan, a firmer dollar hands a much-needed lift to their stalling economies. 7. In later trading Thursday, long bond prices drew some support from a firmer dollar in the currency markets. 8. Meanwhile, the firmer dollar encourages foreign investors to buy stocks. 9. Traders said a firmer dollar in curency trading helped bonds, making them more attractive to foreign investors. 10. While a firmer dollar makes both the currency and securities denominated in it more attractive to investors, higher rates damp the profits of borrowers and lenders alike. |