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Rate jitters could hit stocks again

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EV_Ares Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-06-07 07:32 AM
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Rate jitters could hit stocks again
Futures fall as 10-year yield nears 5 percent level; expected downward revision in productivity could raise rate hike worries further.

NEW YORK (CNNMoney.com) -- U.S. stocks could have trouble again Tuesday as investors worry about the state of the economy and interest rates.
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(((Worry about the state of the economy & interest rates & inflation? -- Actually these problems have been with us for some time, why are they worried now? Nothing new really has occurred, seems to me they have tried to just ignore all the signs that have been there for some time but we are now at the point, they can't keep looking the other way.)))
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Stock futures were down in early trading, pointing to a lower open, after major indexes all pulled back Monday following comments from Fed Chairman Ben Bernanke that stirred concerns that the Fed might be leaning more towards a rate hike rather than a rate cut as its next move.

Treasury prices were little changed, leaving the yield on the closely watched 10-year note near the 4.99 percent level reached late Tuesday. The rate rising above the 5 percent psychological threshold for the first time since August could itself weigh on stocks.

http://money.cnn.com/2007/06/06/markets/stockswatch/index.htm?postversion=2007060606
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