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Wall Street, California: Market Plunge; AROUND WALL ST.; Bonds Rally as Stocks Continue to Plummet
[Home Edition]
Los Angeles Times - Los Angeles, Calif.
Date: Sep 1, 1998
Start Page: 7
Section: Business; PART-D; Financial Desk
Text Word Count: 705
 Abstract (Document Summary)

U.S. bonds staged a late-day rally Monday, rounding out the best month for bonds since May 1995, as stocks plunged anew.

The 30-year Treasury bond's price rose $10.64 per $1,000 face value, pushing its yield down to a record low 5.27% from 5.33% on Friday. But shorter-term yields were mostly unchanged.

Meanwhile, the rush into bonds continued in Tokyo today, where the yield on Japan's 10-year government bond fell to 0.995%--its lowest ever, and perhaps the lowest in the history of bond markets.

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