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U.S. auto sales bouncing back
After a surprise May slump, auto sales likely rebounded in June. Analysts think more incentives brought customers into showrooms. If data back that view when they're released Tuesday, that would show Americans are still willing to spend. Analysts expect sales at an adjusted annual rate of 16.7 mil, up from May's 15.7 mil.
More foreign investment in U.S.
The U.S. was a net debtor again last year, according to the Commerce Dept. The gap between U.S. investment abroad and foreign investment in the U.S. swelled to $1.948 tril in 2001, a record. At the end of 2000, the gap totaled $1.351 tril. Large purchases of U.S. stocks and bonds by foreigners, a stronger U.S. dollar and shrinking overseas investments added to the rise.
Bond yields predicting recovery
The yield curve for Treasuries is at its steepest since 1993. Economists say that bodes well for the recovery. It shows bond investors, who see good times ahead and don't want to be locked into low interest rates, are demanding higher returns on long-term investments. The yield curve tracks Treasuries yields over all maturities.
Report says recovery under way