(Reuters) - Investors also sold bonds as inflation worries were stirred by an unexpectedly large rise in the core U.S. Producer Price Index for June. Inflation erodes the value of bonds.
The decline in Treasury prices was offset by continuing worries about subprime mortgages and an industry report showing the housing market is still stuck in a slump.
Read more at Reuters.com Hot Stocks News
The decline in Treasury prices was offset by continuing worries about subprime mortgages and an industry report showing the housing market is still stuck in a slump.
Read more at Reuters.com Hot Stocks News
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