Treasurys Rally on Bernanke’s Expansive Comments

By WSJ Staff

Treasurys are up in London with traders citing comments from Federal Reserve Chairman Ben Bernanke over the weekend as a sign that Treasury purchases could be raised.

In an interview with CBS news program 60 minutes, Mr. Bernanke said it was possible that the Fed could buy more than the $600 billion of Treasurys that it alreadys has said it intends to purchase, although any change in the purchase program would depend on the growth and inflation outlook.

He added that it would take 4-5 years for the unemployment rate to fall to more normal levels.

The 2-year note is up at 100-03+/32, yielding 0.444%, the 10-year note is up at 97-09+/32, yielding 2.941%. The 30-year bond is up at 99-17+/32, yielding 4.276%. December bunds are up 0.29 at 126.46 and March gilts are 0.28 higher at 119.44.

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Apple, IBM, Microsoft Will Test Tech rally

By Dave Kansas

For the past six weeks, technology shares have risen flèche.Le Nasdaq Composite, admittedly broad measure of tech, increased 15% during this period, leading the market on its final sprint to increase.

Is - while going about poorly turned, start this morning?Late yesterday, it certainly looks to be the cas.Investisseurs respond poorly to Apple and IBM - revenues which were the two forts, but not strong enough to meet. Then came a new Senior Executive of Microsoft moribundish start page.

This morning, however, global inventories are especially high.Asia closed especially positive territiory and Europe is edging hausse.Cependant, technology stocks, highlight a mixed day, perhaps reflecting concern about what will happen when they open in a few hours.

Not too big tech earnings today (report EMC Corp. and Juniper Networks), so tech-centric investors will continue to review the results of Apple gains and IBM.Depuis perspective seems to be that the gains are not "strong enough", as opposed to really ugly, the disadvantage for the business and technology in General, is probably limited.

Don't be surprised if they try to take the upper group by the second half of the session.

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