Author: 123jump.com Staff
123jump.com
Last Update: 2:47 PM EST March 14 2006
Slowdown in February sales prompted a rise in bond prices as traders rushed to buy bonds. Record 2005 current account deficit did not affect market trading instead traders focused on the falling bond yields. Yield on 10-year bond fell to 4.69%. Home builders and other interest rate sensitive stocks rallied. Goldman Sachs rose 6% on strong earnings growth. Mexico and Brazil are trading 0.7% and 1.3% higher.
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