31. Mexican shares were hurt as U.S. bonds plunged. 32. On a day like today, that sort of mix does badly because the bonds plunge in value. 33. Reflecting the speculation about Japanese rates, Japanese bonds plunged, pushing up yields to two-month highs. 34. Short-dated French bonds plunged today after the Bank of France raised rates to protect the franc. 35. Stocks powered to record highs on this evidence of economic strength -- and Treasury bonds plunged for the same reason. 36. That caused U.S. bonds to plunge, dragging down the dollar and stocks as well. 37. The bond plunged after several Federal Reserve officials said last week the economy was strong and suggested they were monitoring signs of inflation. 38. The peso lost more than half its value against the dollar and benchmark bonds plunged. 39. This caused short-term bonds to plunge. 40. To make matters worse, the bonds plunged and yield spreads widened when the Federal Reserve began raising overnight bank rates just days after the sale. |