hypocritexposer
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* Demand weak at 30-year bond auction
* Stocks, bonds fall after auction
* Rising yields risk higher rates throughout economy (Recasts, adds quotes)
By Burton Frierson
NEW YORK, May 7 (Reuters) - A U.S. government auction of 30-year bonds met a dismal reception on Thursday, driving down bond and stock prices and raising fears the United States may face difficulty financing spending to stimulate the economy.
The $14 billion auction met below-average demand from investors, who forced the government to pay a higher yield. An extended trend of rising yields could force up longer-term interest rates throughout the economy.
"It just does not bode well for interest rates. It's ugly, it's very, very ugly," Hurley added
http://uk.reuters.com/article/marketsNewsUS/idUKN0738200920090507