This morning bonds and stocks are reversing Thursday’s action, with the DOW sinking by 150 points as of this writing, and the yield on the 10 year note falling back to 2.95%. It seems investors are increasingly worried that global growth is slowing after data showed China’s export growth slowed in May, and as the resolution to the Greek debt crisis drags on.
Next week is a full economic calendar in the U.S., including the Producer and Consumer Price Indices, housing data, and various other economic reports.
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