(Reuters) - NEW YORK, July 17 - U.S. Treasury debt prices
fell on Tuesday as investors were drawn to stocks after profits
at the big investment banks jumped despite turbulence in
mortgage investments.
A surge in producer prices outside food and energy also
depressed bonds, whose value erodes as inflation rises. Adding
to the pain, a spike in industrial output further lessened the
perceived chances of an interest rate cut by the Federal
Reserve this year.
Read more at Reuters.com Bonds News
fell on Tuesday as investors were drawn to stocks after profits
at the big investment banks jumped despite turbulence in
mortgage investments.
A surge in producer prices outside food and energy also
depressed bonds, whose value erodes as inflation rises. Adding
to the pain, a spike in industrial output further lessened the
perceived chances of an interest rate cut by the Federal
Reserve this year.
Read more at Reuters.com Bonds News
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