10-Year Yield Plunges

The long-term rate-indicative 10-year Treasury yield had plunged Friday morning to about 4.36% following a surprisingly weak employment report that showed notable declines in a number of areas, including residential construction.The benchmark Treasury yield had been in what was generally a sliding trading range of roughly 4.50%-4.60%, according to Yahoo! Finance. The August employment statistics showed particularly striking drops in residential construction, manufacturing, employee services, and government jobs, according to a report by RBS Greenwich Capital chief economist Stephen Stanley.