Summary Box: Strong rally on stock market sends Treasury prices sharply lower
By APThursday, July 22, 2010
Summary Box: Stock rally sends Treasurys lower
STOCK RALLY: A powerful rally on the stock market robbed Treasurys of their safe-haven appeal. The Dow Jones industrial average gained 201 points.
STRONG EARNS: Upbeat earnings reports from Caterpillar, AT&T and other major companies fed the rally.
YIELDS RISE: The stock rally sent Treasury prices lower and their yields higher. The 10-year Treasury yield rose to 2.94 percent from 2.88 percent.
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