Summary Box: Rates rise after strong 1Q earnings reports suggest ongoing economic recovery

By AP
Tuesday, April 20, 2010

Summary Box: Rates rise after 1Q earnings reports

RATES RISE: Interest rates mostly rose Tuesday in the bond market after a series of strong first-quarter earnings reports pointed to a recovering economy.

BIGGER PROFITS: Better-than-expected corporate profits led investors to shift money out of safe assets like Treasurys and back into stocks, pushing bond prices slightly lower and their yields higher.

BENCHMARK: The yield on the benchmark 10-year Treasury note maturing in February 2020 was flat at 3.80 percent from Monday.

Discussion
May 13, 2010: 3:33 am

Recent economic trends portray an ongoing recovery and we are optimistic of
economic prospects in the year ahead. Our optimism, however, must be viewed relative to
the severe recession we just endured.

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