Bonds Remain on Top

Bank of America rumors send investors scurrying for safety

Friday's bond market continued to wrest the upper hand from stocks to round out a hectic opening week for the year. Primed to find the smoking gun in payrolls from the Fed's preemptive rate cut, the markets were stunned instead by rumors of derivative and loan losses relating to Bank of Amer's utility loan book, which were later denied.

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