Treasury 10-year note yields fell to an all-time low today as concern the euro area’s debt crisis will cripple financial institutions underpinned demand for the safest assets. A government report Sept. 2 showed no jobs were added in August, reinforcing concern the U.S. economy has slowed which may prompt additional stimulus by the Fed.
Tuesday, September 6, 2011
(Nearly) Daily Reminder That Everything Is Screwy
Treasuries now more expensive than they've ever been:
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