QE3? Fears return
The camp that feels the Fed will come riding to the rescue at every dip in the economy have gotten a shot in the arm from this morning’s horrid US employment report. The dollar is easing across the board, as are yields.
US 10s are down 9 bp to 3.05%. EUR/USD is rebounding, now at 1.4293. Risk is off but the dollar is weak across the board.