Triangle Business Today

Market turmoil returns

Posted August 18, 2011 6:50 p.m. EDT

Just when you thought that calm had entered the markets, drastic market movements emerged on Thursday – with both the European and U.S. markets taking nose dives.

The European markets had their largest loss day in nearly three years and the Dow lost over 400 points. With this drop, we also experienced significant Treasury Yield declines, and for the first time in the history of the trading world, the yield on the 10-year dropped below the 2 percent threshold earlier on Thursday, hitting a low of 1.98 percent. It didn’t stay there for long, but its movement into that territory should be taken as a serious indicator that investors are still very uncomfortable with the current economic climate.

About this Blog:

Jeremy Salemson, CEO of Corporate Investors Mortgage Group, blogs about economic trends and data and their impact on Triangle business. Each week, he interviews a Triangle-area business leader for a personal look at the local economy.