Duration proves useful gauge for bond fund risk
Analysts say duration offers a practical measure of how bond fund prices respond to interest-rate shifts, though it is not a precise tool. Morningstar researchers examined 10 funds with about five year durations, finding eight matched predicted changes within 0.75 percentage points, while some funds with mortgage derivatives or convertible securities showed larger deviations.
MENTIONED IN THIS ARTICLE
T. Rowe Price Associates
Morningstar Mutual Funds Advisory Service
U.S. Treasury
John Rekenthaler
Morningstar
Jennifer Newport
Rekenthaler
Newport
Home prices rise in second quarter demand lifts housing
The National Association of Realtors reported April to June sales of existing homes rose 13.6 percent from a year earlier to a 4.5 million annual rate. The national median price climbed 3.3 percent to 110600 with gains across 44 states and the DC. Mortgage rates averaged 8.45 percent, up from 7.30, as buyers pressed forward despite higher financing costs.
MENTIONED IN THIS ARTICLE
Washington
National Association of Realtors
District of Columbia
Oklahoma
New Hampshire
Midwest
Robert H. Elrod
Realtors
Federal Home Loan Mortgage Corp
Salt Lake City
Madison
Wis
Topeka
Kan
Trenton
N.J
Honolulu
Waterloo
Cedar Falls
Iowa
Stocks of local interest wrapup offered Saturday Journal-World
Local stocks roundup noted with a prompt to dial 865 5000 for the market wrapup and a reminder to watch for the complete market update in Saturday's Journal-World for detailed figures and analysis.
MENTIONED IN THIS ARTICLE
Journal-World
Midland and regional market quotations and livestock notes
Morning market summaries show Midland Elevator price bids for Wheat 3.35, Corn 2.11, Milo 3.53, Soybeans 5.53. Omaha region quotes cover hogs, sows, boars with varied weights and gains, plus cattle, calves, and sheep activity. Dodge City and St. Joseph listings note mixed trade, quiet activity, and weekly totals. Nonferrous metals in New York and London markets list spot prices for aluminum, copper, lead, zinc, gold, silver, mercury, and platinum with daily quotes.
MENTIONED IN THIS ARTICLE
Midland
Omaha Livestock Omana
Nes
Uspa
Omaha Livestock Market
New York
London
U.S
Comex
Commerce Bank rate bulletin for interbank foreign exchange
Foreign exchange rates provided by Commerce Bank of Kansas City, N A and interbank trades as of 8 a m today. Retail transactions may differ in U S dollar value per currency unit. For more information call Commerce Bank at 800 892 7100.
MENTIONED IN THIS ARTICLE
Commerce Bank of
Kansas City
N.A
Serieien Interbank
U.S
Commerce Bank
KCI Passenger Boardings Up 13 Percent in June
Kansas City International Airport posted a 13.2 percent rise in scheduled passenger boardings in June to 413,417, nearly double the national average 7 percent gain reported by the Air Transport Association. Year to date KCI up 13 percent versus year ago, while national six months up 5.7 percent. The Labor Department said initial unemployment claims fell to 319,000 for the week ended July 30, the second straight weekly decline.
MENTIONED IN THIS ARTICLE
Kansas City International
KCI
Air Transport Assn
U.S
ATA
Labor Department
Plaza del Sol plans lure as tenants sign on
A new strip center at West Sixth Street in Lawrence is named Plaza del Sol. Tenants signed include Great Clips, Avenue Rentals, and Subway. Center totals 12,000 square feet with 1 space remaining and a possible donut shop lease forthcoming. Compton, who developed Park Plaza, backs the project.
MENTIONED IN THIS ARTICLE
West Sixth Street
Melissa Nesmith
First Management Inc
Lawrence
Doug Compton
Nesmith
Great Clips
Avenue Rentals
Subway Sandwiches
Subway
Sixth Street
First
Compton
Park Plaza
27Th
Iowa
Wis
Plaza del Sol
Yacht Club
Also Mentioned on This Page
Siu
Ree
Eeesanneneesen
Eves
NPC
Allie Asigh
Applebee's Ween
O'Reilly Auto
Bock Secserseressveree Sim
Payless Cash
TRW
Kroger
Trinova
LabOne
UtiliCorp
Wal-Mart Vere
Resereee Dove Va
Western Res
Mercantile
Williams
Merck
Esseeeereeen
Woolworth
Finsirereersesees
Courtesy
Edward D. Jones & Co
St. Joseph Livestock
St. Josepn
Dodge City
Handy & Harman
Mercury
New
Canada
France
Great Britain
Italy
Japan
Mexico
Switzerland
Cousins County Bank
Tate
Enwmnee
Neuss
Aases Eee
Aquarius
Aries
Taurus
Gemini
Vawnen
WorLp
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