101. The collapse of the budget talks also hurt bonds, traders said. 102. The devaluation of the Spanish peseta and Portuguese escudo Monday did not help, because the resulting flight to German marks further buckled the dollar and hurt bonds. 103. The falling yen also hurt bonds, decreasing the allure of yen-denominated securities. 104. The rebound in share prices could spark speculation the economy is strong enough to allow the Bank of Japan to raise interest rates from record lows, hurting bonds. 105. The prospect of a fiscal-stimulus package hurts bonds because it could spur growth, leading to inflationary pressure. 106. This hurt bonds because low overnight call rates have pushed up bond prices by making it cheaper for commercial banks and other investors to fund bond purchases. 107. Traders said a rise in stocks was also hurting bonds, since it provided an alternative to investors. 108. Traders said comments from Fed Governor Susan Phillips in a Market News interview hurt bonds earlier in the day. 109. Weakness in the dollar had a domino effect, hurting bonds, which in turn put a drag on stocks. 110. While all bonds can be hurt by rising rates, intermediate and longer-term funds take the brunt of the impact. |