WALL STREET: Rally in Bonds

For more than two years Wall Street's bond market has been sagging like a sick puppy. But last week U.S. Government bonds snapped back for the most hopeful sign of recovery in bond prices since late 1954. Long-term Government bonds scored the largest single day's advance since June 1953, shot up as much as if points during the week, a healthy gain for gilt-edge securities. Encouraged by that sharp rise, trading picked up swiftly in both corporate and municipal bonds. New issues moved quickly into...

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