Friday, 08 June 2007

US STOCKS-Futures drop as yields stoke rate worry

(Reuters) - NEW YORK, June 8 - U.S. stock index futures
declined on Friday as the yield on the benchmark 10-year
Treasury note surged, suggesting a rough day on Wall Street for
interest-rate sensitive stocks.




Futures had earlier pointed to a stronger market open but
turned sharply lower as the yields on U.S. government bonds
jumped on fears that central banks around the world will lift
interest rates.


Read more at Reuters.com Bonds News

No comments: