Sun, Nov 12, 2006 - Page 10 News List

NYSE shifts focus back to economy

WALL STREET US stocks were largely unfazed by the Democrats' sweep of Congress, with no major economic policy changes expected from either side

AFP , NEW YORK

It is "hard to be positive for the markets if there are subpoenas, investigations, and acrimony between the legislative and executive branches of government," Busch said.

Bond prices firmed over the week. The yield on the 10-year Treasury bond eased to 4.586 percent from 4.715 percent a week earlier, and that on the 30-year bond dropped to 4.692 percent against 4.811 percent. Bond yields and prices move in opposite directions.

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