Friday, 08 June 2007

GLOBAL MARKETS-Bond rally unwind batters stocks

(Reuters) - European and Asian shares fell, following losses on Wall
Street overnight, while bond yields rose again. The dollar
firmed as popular currency "carry trades" were seen to be in
danger of buckling.




The yield on benchmark U.S. Treasuries was up another 4
basis points to 5.18 percent after the biggest one day rise in
more than three years on Thursday.


Read more at Reuters.com Bonds News

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