Investment Figures of the Week

Investment Figures of the Week

COMMENTARY

Bonds rallied vigorously in the wake of new data showing the economy growing

less rapidly than expected. The yield on 30-year Treasuries fell to its lowest

level in more than seven weeks. Not surprisingly, stocks staged a nifty

advance, with the Dow industrials up more than 70 points for the week and the

S&P 500 gaining even more on a percentage basis. Even the dollar rallied,

rising a bit past 100 yen. Foreign stocks were strong, with London and Tokyo

jumping 2.5%.