41. Yesterday, U.S. bonds tumbled and yields climbed to an eight-week high amid concern that a rebound in consumer spending will accelerate inflation. 42. Yesterday, U.S. bonds tumbled and yields climbed to an eight-week high amid concern that a rebound in consumer spending would accelerate inflation. 43. YIELDS CLIMB FOR TREASURY SECURITIES Prices of Treasury securities also tumbled, as traders took further credit tightening by the Federal Reserve as inevitable. 44. Yields have been climbing since Alan Greenspan, the chairman of the Federal Reserve, hinted two weeks ago that pressures might build into inflation. 45. Yields could climb further as underwriters try to encourage demand for the notes being sold tomorrow, said Michael Strauss, chief economist at Yamaichi Securities in New York. 46. Reflecting concerns about a larger government deficit and the rise in yields abroad, Tokyo bond yields have climbed nearly a percentage point since last January. |