Investors contend with another seesaw market
Events--from the Fed chairman's comments to the air strikes in Yugoslavia--have rocked the bond market. The most noticeable spike in the first quarter occurred on February 14 when Alan Greenspan testified before Congress that the economy was starting to overheat and raised concerns about rising inflation and interest rates. The news roiled the bond market, pushing the price of the bell-wether 30-year Treasury bond down more than 1 point, or over $10 per $1,000 bond, and boosting the yield--which moves inversely to the bond's price--above 5.5% for the first time since August 20.
That's not all. The bond market …
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