Firday’s markets ended mixed, with heavy downward pressure over macroeconomic trends,
such as the housing market and the spectre of oil at $70/barrel. The Nasdaq ended up 0.1% while the S&P 500 and the Dow dropped by 0.1%.
During trading, 10-year US Treasury bond yields rose above 4.9% for the first time since mid-August. At the close of trading the 10-year bonds were at 98 1/32, with a yield of 4.879%, up from yesterday’s close at 4.867%.

Volatility in the bond market has led to uncertainty on the Street,  particularly financials, consumer goods and housing stocks, which are heavily affected by rate fluctuations.

This entry was posted on Friday, January 26th, 2007 at 6:47 pm and is filed under Uncategorized, Stock Market. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.