(Reuters) - NEW YORK, June 5 - U.S. stocks retreated from
record levels on Tuesday as signs of strength in the U.S. economy
bumped 10-year U.S. Treasury yields up toward five percent and
made prospects for a Federal Reserve rate cut more remote.
Stocks and bonds fell because strength in the services
sector and comments from Federal Reserve Chairman Ben Bernanke
nearly eliminated hope for such a cut this year.
Read more at Reuters.com Bonds News
record levels on Tuesday as signs of strength in the U.S. economy
bumped 10-year U.S. Treasury yields up toward five percent and
made prospects for a Federal Reserve rate cut more remote.
Stocks and bonds fell because strength in the services
sector and comments from Federal Reserve Chairman Ben Bernanke
nearly eliminated hope for such a cut this year.
Read more at Reuters.com Bonds News
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