As Fear Rises, Yields Dive To Lowest 'In 2 Centuries'
Posted on May 31, 2012 at 17:46 PM EDT
Fears about Spain's troubled banks and Greece's possible exit from the eurozone spurred a global race for safe assets on Thursday, sending benchmark U.S. bond yields to record lows. Compounding investor anxiety was a batch of disappointing data on U.S. jobs and manufacturing before Friday's closely watched government payroll report. These weak figures raised the likelihood the Federal Reserve would embark on a third, large-scale bond purchase to
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