Summary Box: Interest rates tick higher as stocks climb ahead of earnings

By AP
Monday, July 12, 2010

Summary Box: Higher stock market boosts rates

RATES CLIMB: A slightly higher stock market lessened demand for safe-haven assets, sending Treasury prices lower and interest rates higher.

EARNINGS WATCH: Stocks and rates rose as investors refrained from placing big bets ahead of second-quarter earnings results that begin trickling in this week.

MIXED AUCTIONS: The government auctioned $60 billion in three- and six-month Treasury bills. Demand for the three-month bills was higher than in an auction earlier this month, while demand for six-month notes was slightly less than in the most recent auction.

YOUR VIEW POINT
NAME : (REQUIRED)
MAIL : (REQUIRED)
will not be displayed
WEBSITE : (OPTIONAL)
YOUR
COMMENT :