February 11, 2016
Treasury 10-year yields dropped to the lowest level since 2012 as falling equities drove investors to the relative safety of government debt and Federal Reserve Chair Janet Yellen said weakening stock prices pose a risk to the economy.
Filings for unemployment benefits in the U.S. declined to a 7-week low as hiring managers demonstrated confidence in the outlook after temporary adjustments around the holidays. Jobless claims dropped by 16,000 to 269,000 the week ending Feb. 6th.
Financial markets are signaling that investors have lost faith in central banks' ability to support the global economy. Investors ignored Janet Yellen's signal that the Federal Reserve won't rush to raise rates in the face of market turmoil.
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