Treasuries Finish Higher on Safety Bid
A shudder of risk aversion on Thursday kept Treasuries underpinned, despite a solid gain in retail sales, an odd Thanksgiving distortion in the 83,000 jobless claims jump, and a drop in the current account deficit. No single event drove the market, though a sudden $8/oz surge in the price of gold to five-year highs and simultaneous dollar weakness spoke to an accumulation of fears about weak global growth and geopolitical stress.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Smartphones Are Killing Americans, But Nobody’s Counting
- Why a Pub in the Middle of Nowhere Was Named the World’s Best Restaurant
- Gulf Coast Oil Spill May Be Largest Since 2010 BP Disaster
- Marc Faber Asked to Leave Sprott Board After Racist Report
- Airbus Snaps Up Bombardier Jet in New Challenge to Boeing