Economy braces for interest-rate turmoil - 2005-03-18
The bond market was weak all week long. Rates aren't any worse – 4.5 percent for 10-year T-notes, just under 6 percent for mortgages – but every attempt at even a technical rally in this oversold market was quickly sawed off at the knees.

Each energy spurt in the last two years was a help to bonds, but not this one. GM's semi-permanent trouble pushed money from overbought corporate bonds to safe Treasurys and mortgages, but not enough.
Read the full story at Mortage 101

Dollar Rises Against Euro as Higher Interest Rates Boost Demand - 2005-03-18
The U.S. dollar increased the most against the euro in more than a month as the advantage in U.S. bond yields boosting demand for the currency.

Gains in the dollar picked up momemtum this week as the yield on the benchmark U.S. 10-year Treasury note rose to its highest in more than seven months. Declines for the week in emerging markets stocks, currencies and bonds also prompted investors to buy ollar-denominated assets, traders said.
Read the full story at Bloomberg