Bonds ease as higher stocks sap safe-haven appeal

12 Apr, 2012

NEW YORK: US Treasury debt prices eased on Thursday as stock market strength eroded the safe-haven allure of US government debt, offsetting earlier data showing higher-than-expected jobless claims.

US stocks rose by over 1 percent on Thursday after concerns eased about rising yields in some euro zone countries and on bets corporate America will beat a lowered bar for earnings expectations.

Copyright Reuters, 2012

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