March 06, 2004
Half-full or half-empty?

Treasuries Soar on Paltry Payroll Growth, Reuters, March 5, 2004

Treasury Yields Plunge on Weak Payroll Growth, Los Angeles Times, reporting on the same market day.

Both headlines are correct, of course, a bond's yield must fall when its price rises, but the choice of words depends on what picture the headline writer wants to paint.

Posted by Stefan Sharkansky at March 06, 2004 02:05 PM
Comments

Or how economically literate they are. Journalists aren't the brightest bunch...

Posted by: Jacqueline on March 8, 2004 09:06 AM
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