The Wenatchee World

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Late Afternoon

Hi56° Scattered Showers

Tonight

Lo45° Scattered Showers

Sunday

Hi59° Partly Sunny

Sunday Night

Lo39° Partly Cloudy

Monday

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Monday Night

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Wednesday

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Wall Street

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NEW YORK (AP) — Stocks edged lower for the first time in five days Wednesday, but the real action was in the bond market.

The yield on the 10-year Treasury note fell to its lowest in 11 months as investors continued to put money into the bond market, extending a rally that has taken many investors and analysts by surprise. Most market participants had expected yields to climb this year, and bond prices to fall, as the Federal Reserve reduced its purchases of bonds and the economy improved.

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