Stocks Mark Time While Bonds Surge On Rate Outlook.

Assesses stock- and bond-trading activity in the markets on June 22, 2005. Performance of bonds and stocks, noting growing concerns about the impact of high oil prices on world economic growth; Speculation about the Federal Reserve monetary policy making bonds more attractive; Anticipation of the Federal Reserve's policy meeting; Performance of the Dow Jones Industrial Average and the Standard & Poor's 500-stock index; Comments from Stephen Sachs, trading director at mutual-fund group Rydex Investments, regarding stock investments; Price of crude-oil futures.