Summary Box: Bonds sink again as economic outlook improves
By APFriday, September 3, 2010
Summary Box: Jobs data sends Treasury prices down
BETTER JOBS: Bonds fell again after the Labor Department’s employment report for August was better than analysts had expected.
SLIGHTLY MORE HIRING: Private employers added 67,000 jobs last month, more than expected but still a far cry from the 150,000 that economist see as a sign of a healthy economy.
YIELDS UP: Rates moved higher in the bond market as their prices fell. The yield on the 10-year Treasury rose to 2.71 percent from 2.63 percent. That yield helps set interest rates on mortgages and other loans.
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