U.S. treasury bonds fell as Chicago’s manufacturing index rose more than analysts had expected, overshadowing another indicator displaying lackluster economic growth.
At 11 a.m. EDT, the 10-year Treasury note was down $2.50 per $1,000 in face value, or 8/32 point, from its level at 5 p.m. Wednesday. Its yield, which moves in the opposite direction, rose to 4.91 percent from 4.87 percent.
The 30-year bond fell 14/32 point. Its yield rose to 5.03 percent from 5.01 percent.
The 2-year note fell 2/32 point. Its yield rose to 4.92 percent from 4.89 percent. Read more
Original post by The Associated Press
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Wachovia Corp. agreed to buy A.G. Edwards Inc., the 120-year-old securities firm, for $6.8 billion, doubling its sales staff as regional brokers struggle to remain independent amid declining revenue from … via Bloomberg
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“There are a lot of different flavors of all-cap funds”
Investors looking to all-cap funds as a simple way to immerse themselves in wide variety of stocks might consider that “all” in some cases can really mean “most,” as in “all-expense-paid vacation” or “all solid … via Tacoma News Tribune
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“We were trying to find out what positive qualities lead to peace”
The United States is among the least peaceful nations in the world, ranking 96th between Yemen and Iran, according to a new index released yesterday that evaluates 121 nations based on their peacefulness. via Jamaica Gleaner
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“This decline is caused by China’s effort to cool its stock market. It should be short-lived”
A big fish in a little pond, Philippine Long Distance Telephone Company is the leading Filipino telecommunications provider with more than 15 million fixed-line and wireless subscribers. via M2.com
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