Friday, July 27, 2007

Bonds soar as stocks dive on credit worries

(Reuters) - However, profit-taking and fatigue after Thursday's rally prevented Treasuries from tapping a strong flight-to-quality bid from the distressed equity market, analysts said.




Data showing the U.S. economy grew at a surprisingly strong rate in the second quarter of 2007 only briefly calmed fears of a slump following this week's turmoil in global financial markets. See for details.


Read more at Reuters.com Bonds News

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