NEW YORK (AP) -- Treasury prices slipped modestly Monday as the stock market rallied and fixed-income looked ahead to a number of key economic reports to be released in the coming days.A pullback in oil prices helped send the Dow Jones industrials up more than 130 points, as did encouraging news about the credit markets.
HSBC Holdings PLC said its first-quarter profits rose although it wrote down billions of dollars due to the U.S. credit market problems, while JPMorgan Chase & Co. CEO Jamie Dimon said he estimates the credit market crisis is 75 percent over, although his company believes the recession is just beginning.
With credit market concerns on the decline, investors were less inclined to buy safe-haven government securities.
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