Wednesday, 20 June 2007

U.S. Stocks Retreat After Bond Yields Gain; Citigroup, JPMorgan Decline

(Bloomberg) -- U.S. stocks fell after the yield on
the benchmark Treasury bond rose for the first time in four
days, reviving concern higher borrowing costs will curb growth.

Citigroup Inc., JPMorgan Chase & Co. and Wells Fargo & Co.
led declines in companies that benefit from low interest rates.


Read more at Bloomberg Stocks News

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