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Global Meltdown: Investors Are Dumping Nearly Everything

Posted By admin On September 22, 2011 @ 9:52 am In Featured Stories | Comments Disabled

Patti Domm
CNBC [1]
Thursday, September 22, 2011

With no solution in sight for Europe and new fears of a global recession, investors dumped stocks and commodities and ran to the safety of U.S. Treasurys.

Treasury yields, as a result, slipped to historic lows with the 10-year yielding 1.75 percent and the 30-year at 2.86 percent.

The dollar was also a beneficiary of a massive fear trade that sent U.S. stocks sharply lower, on the heels of steep sell-offs in equities markets around the globe.

The worst performing stock market sectors mirrored the sell-off in global commodities markets, with materials down 4.6 percent and energy stocks down 4.1 percent.

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[1] CNBC: http://www.cnbc.com/id/44626413

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