Sunday, April 7, 2013

Gloom and Doom: Treasury Bond Market's Warning More Frightening Than Jobs Report

The bond market tried to warn us about March's grim jobs report. And it's still warning us that the economy is not in great shape.

Ten-year Treasury note yields fell to their lowest levels since December on Thursday, a day before the Labor Department reported the weakest job growth in nearly a year. Yields fell even further after the jobs report was released Friday morning, dipping briefly below 1.7 percent, the lowest since Dec. 12, according to data tracker Tradeweb....

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