Word: bondses
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The most dramatic effect is on Wall Street, where the Dow Jones industrial average hit new highs in back-to-back sessions last week as consumers, with increasing boldness, shifted their cash from low-yielding bank deposits into stocks and bonds. The Dow closed at 3640.63, up 25.15 points for...
30-YEAR U.S. TREASURY BONDS
"IT IS EASIER IN THESE UNITED STATES TO WALK AWAY from a marriage than from a commitment to purchase a used car," says Professor Thomas Morgan of the George Washington University School of Law. "Most contracts cannot be unilaterally abrogated; marriages in contemporary America can be terminated by practically anyone...
Deep bonds are forged. Prejudice is fought (the town, which has always treated McLeod as a geek, mistakes pedagogy for pederasty). Wounds are finally healed. And the sentimentally impressionable will have a good cry as outcasts assert their humanity and teach the smug and the hypocritical a thing or two...
With the economy still sluggish, the interest rate for 30-year Treasury bonds reached a historic low of 6.46%.