Tag Archives: bond prices
You can feel the tension rising! Stock prices tried to break out to the upside this week, and the Dow indeed made a new multiyear high on Wednesday. But the market fell back sharply as investors started to worry that share prices may have climbed a little too far, too fast.
Bond prices are gyrating wildly this morning as traders digest the government’s latest report on consumer prices. At first glance, the headline CPI number looks bad indeed: up 0.6% for the sharpest jump in three years. Moreover, the year-to-year inflation rate at the retail cash register soared in May to 3.1% — another three-year high.