Like Driving With the Emergency Brake On
Energy prices declined dramatically Friday following the release of the employment report (PDF) by the Bureau of Labor Statistics. Oil prices are off by 4% for West Texas Intermediate and by 3.25% for Brent crude. Natural gas prices are also down by around 2.5%.
The 10-year Treasury yields in the U.S. and Germany each sank by about 5 basis points today, as well, respectively to 1.88% and 1.58%. These are yields that would have been associated only with Japan just a few years ago. European equities also dropped dramatically following the release, with most indices falling some 2%....842 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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