Stocks Decline; Bonds Tumble As Rates Climb.

Examines the performance of the financial markets on July 21, 2003. Performance of the bond market and the 10-year Treasury Note, suggesting an economic recovery; Financial performance of home mortgage rates, suggesting refinancing is less attractive; How the Dow Jones Industrial Average performed, suggesting light trading on the day; Drop in technology stocks and the performance of the Nasdaq Composite index; Earnings reports from Merck; Why the bond yield has investors and corporations worried; Comments from Todd Leone, head of listed trading at the brokerage firm SG Cowan, regarding bond market reaction to a speech given by Alan Greenspan.