Interest rates surged in the credit markets Monday as economic worries eased and investors dumped U.S. government debt for riskier investments like stocks and commodities.
The jump in rates, which accompanied a plunge in Treasury prices, was mixed news. Falling demand for the safe-haven investments is a welcome sign that investors are setting aside some of their worries about the economy, but it could also drive up interest on mortgages and other loans.
Investors rushed into stocks after getting upbeat economic readings on manufacturing, construction and consumer spending. All the major Wall Street indicators surged more than 2.5 percent, including the Dow …
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