Additionally, he noted that "stocks are much more attractively valued today than they were at the peak of the tech bubble in 2000."
Bond prices firmed over the past week. The yield on the 10-year Treasury bond dropped to 4.726 percent from 4.791 percent a week earlier, while that on the 30-year bond fell to 4.873 percent from 4.932 percent. Bond yields and prices move in opposite directions.
RSS