Tuesday, April 21, 2009

Geitner Reassurances Move Markets

April 21 (Bloomberg) -- Treasury Secretary Timothy Geithner said the “vast majority” of U.S. banks have more capital than needed, stoking a rally in stocks as investors await results of stress tests on the balance sheets of the biggest lenders.

Continuing to be correlated to stock market moves, long term interest rates also rose but failed to break out of the current pennant formation.

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