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While the equity market appeared at least partially shaken by the 10 a.m. reports -- the Dow Jones industrials turned a 112-point gain into a 42-point advance by midday -- long-term interest rates in the bond market extended their recent rise.
FORBES
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While the equity market appeared at least partially shaken by the 10 a.m. reports -- the Dow Jones industrials turned a 112-point gain into a 31-point advance -- long-term interest rates in the bond market extended their recent rise, a sure sign that deflationary fears are waning.
FORBES: Market Scan
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It was a close thing, since by making it a matter of equity the judge is in fact admitting that M Jewell LLC had the letter of the law on its side.
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