(Reuters) - NEW YORK, June 13 - U.S. stocks soared on
Wednesday as benchmark bond yield increases that rocked equity
trading for a week abated, and after reports indicated strong
economic growth.
Ten-year Treasury note yields, which govern consumer and
corporate borrowing costs, retreated, damping concerns that
higher rates would curb economic growth, slow corporate
takeovers and dent profits. The yields have risen more than
0.5 percentage point since April, hitting a five-year peak in
European trade.
Read more at Reuters.com Bonds News
Wednesday as benchmark bond yield increases that rocked equity
trading for a week abated, and after reports indicated strong
economic growth.
Ten-year Treasury note yields, which govern consumer and
corporate borrowing costs, retreated, damping concerns that
higher rates would curb economic growth, slow corporate
takeovers and dent profits. The yields have risen more than
0.5 percentage point since April, hitting a five-year peak in
European trade.
Read more at Reuters.com Bonds News
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