Summary Box: Interest rates rise as Bernanke comments help lift stock market
By APTuesday, June 8, 2010
Summary Box: Interest rates rise as stock rebound
RATES REBOUND: Interest rates turned higher in the bond market Tuesday as Federal Reserve Chairman Ben Bernanke said he doesn’t believe the U.S. will fall back into a recession.
RETURN OF RISK: Bernanke’s comments eased investor concerns about Europe’s debt crisis and sapped demand for safer investments like the Treasurys. The Dow Jones industrial average rose 123 points, ending a two-day slump.
QUIET AUCTION: The government auctioned $36 billion in three-year notes Tuesday. Demand for the notes fell slightly from a similar auction last month.
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