A government auction of 30-year Treasury bonds is drawing weak bids as investors return to buying European debt. The Treasury Department sold $13 billion in 30-year bonds Thursday at a higher yield than similar bonds fetched on the market at the time. A bond’s yield rises as its price falls. Data from CRT Capital Group [...] [...]
Stocks surged Thursday on a combination of surprisingly strong U.S. economic data and the overwhelming approval by Germany’s parliament of a bill to strengthen a bailout fund intended to help European countries deal with their debts. News that the U.S. economy grew by more than previously thought in the second quarter of the year and [...] [...]
Stocks rocketed higher and interest rates fell Monday after investors were reassured by a nearly $1 trillion plan to avoid a European debt crisis. The Dow Jones industrial average rose about 390 points. The Dow and broader stock indexes rose more than 3 percent. Markets also barreled higher in Europe. The yield on the benchmark [...] [...]