A rebound in stocks also is pulling some money out of bonds and into equities. The 10-year Treasury note yield, a benchmark for mortgage rates, was at 1.90% at about noon PDT Monday, up from 1.83% on Friday and up from a 60-year low of 1.72% on Thursday. The 30-year T-bond (charted below) rose to 3.00% from 2.90% on Friday and 2.80% on Thursday.
Long-term Treasury yields plunged Wednesday and Thursday after the Federal Reserve online credit score New Orleans said it would shift its massive bond holdings more toward longer-term securities, hoping to pull interest rates on those issues down further to help the economy. The Fed also online credit score New Orleans gave investors another reason to online credit score New Orleans head for the relative safety of bonds: In their post-meeting online credit score New Orleans statement Wednesday, policymakers warned of significant downside risks to the economic outlook. That triggered a blistering sell-off in stocks that drove the Dow Jones industrial average down a total online credit score New Orleans of 5.9% over two days. annual free credit report from government But stocks stabilizedFriday, and they’re rallying Monday as investors once again get their hopes up that Europe will avoid a financial collapse. The Dow was up 200 points, online credit score New Orleans or 1.9%, to 10,971 at about noon PDT. Bill O’Donnell, government bond online credit score New Orleans strategist at RBS Securities in Stamford, Conn., said there is “a lot of chatter” on online credit score New Orleans Wall Street about big investors allocating some of their assets from bonds to stocks as the end of the quarter approaches Friday. The Dow is off nearly 12% for the quarter so far, while bonds have rocketed in value as market yields have tumbled. But O’Donnell said Treasury bond yields are likely to head lower again unless the economy reaccelerates. report credit card He noted that online credit score New Orleans the Fed’s planned long-term bond purchases haven’t even begun yet: That $400-billion program will probably begin next week and last through June. Stocks rally on hopes for solution in Europe Fed revives Operation Twist to pull down long-term rates Q&A: How the Fed move could affect the economy online credit score New Orleans and markets The head of online credit score New Orleans a California panel that hands out sales tax exemptions to renewable-energy manufacturing companies wants to suspend the program in the wake of the Solyndra online credit score New Orleans scandal. State Treasurer Bill Lockyer said he will ask fellow members of the California Alternative Energy and Advanced Transportation Financing Authority at a meeting Tuesday online credit score New Orleans to not approve any new applications for exemptions from paying California sales tax. The online credit score New Orleans exemptions are aimed at encouraging the purchase of equipment used to make solar panels and other energy-saving projects. safe free credit report The program was authorized last year by the Legislature when it passed SB 71 by Sen. A decision on the request is not likely to be made before late October, a spokesman for Lockyer said. SB 71 created a tax online credit score New Orleans exemption for businesses that requires a level of transparency and public accountability rarely, if ever, seen in California or anywhere else, said Lockyer in a statement released by his office.
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