Thursday, 07 June 2007

GLOBAL MARKETS-Stocks slide as bond yields surge to key levels

(Reuters) - LONDON, June 7 - Concerns about rising interest
rates and bond yields hit stocks again on Tuesday, while the yen
fell as investors sought better returns elsewhere and on concern
about reports North Korea had fired missiles off its coast.




Benchmark 10-year U.S. Treasury yields stormed
through psychologically significant 5 percent threshold and euro
zone government bond yields also rose to fresh multi-year highs
as global interest rate expectations rose, putting pressure on
equities near their record peaks.


Read more at Reuters.com Economic News

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