The New York Times
Wed, August 11, 2010 -- 9:53 AM ET
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Markets Fall 2% on Concerns About Slowing Recovery
Shares on Wall Street quickly retreated Wednesday morning in
the face of the Fed's decision to buy government debt and
more economic news that pointed to a slowdown, both in the
United States and China.
In the bond market, the price of the 10-year Treasury note
continued to rise, as yields fell to lows not seen in more
than a year. The 10-year yield was at 2.72 percent from 2.76
percent late Tuesday.
And the dollar strengthened against the euro, but hit a
15-year low against the yen, driving the Nikkei index sharply
lower.
Read More:
http://www.nytimes.com/2010/08/12/business/12markets.html?emc=na
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