Highlights
March 19, 2012
All the good news lately on the economy along with the prospect of decreasing intervention from the Fed are lowering demand for bonds where yields continue to rise, up another eight basis points on the 10-year yield to 2.37 percent which is the highest level since the mid-year budget snag and US rating cut. Money moved out of the bond market on Monday but didn't move much into the stock market where the Dow, despite news of an Apple dividend, ended only fractionally higher at 13,239. And money didn't move into gold, which is steady at $1,665, or oil where light crude is little changed near $108.