21. Falling bond yields make the return on stocks more attractive, said Andrew Shade, senior dealer at Twenty-First Australia Inc. 22. Falling bond yields underpinned the advance. 23. Falling bond yields, and a backdrop of steady economic growth with scant inflation, are expected to provide support for stocks. 24. Falling bonds often make fixed-income securities more attractive than stocks to many investors as yields rise. 25. Falling bonds tend to pull down banks and insurers as the value of their large bond portfolios shrink. 26. Falling bonds weigh on the dollar by prompting concern that foreign investors will sell U.S. assets and then sell the dollars they get for them. 27. Falling Japanese bonds yields also helped Treasuries, as investors were tempted to shift money into higher yielding overseas assets. 28. Falling bond prices -- and rising yields -- would make it more expensive for companies to borrow the money needed to finance their businesses. 29. Falling bond prices depressed bank stocks. 30. Falling bond prices, which bring higher yields, are bad for banks and insurers, because the value of their large bond portfolios declines. |