Thursday, March 20, 2008

Feds are Lowering Rates, Again

Treasurys fall on rate cut, bank earnings
Bond prices sink as Wall Street cheers fed rate cut, stronger-than-expected earnings from beleagured banks.


NEW YORK (CNNMoney.com) -- Bond prices fluctuated Tuesday after the Federal Reserve cut interest rates and surprisingly strong earnings from Wall Street banks coaxed investors back into the stock market.

Read article here.