More Global Debt Woes Drive 10-Year, Industry Stocks Down

Renewed financial concerns about U.S. and international debt roiled capital markets once again Monday morning, driving the long-term rate-indicative 10-year Treasury yield below 2% and putting downward pressure on industry stocks.

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Around noon the 10-year yield had fallen to 1.96%, the Dow had fallen more than 300 points.

At that time, declines in stocks tracked by this publication ranged from a 4.7% drop at mortgage insurer Radian to a drop around 1.2% for Fidelity National Financial.


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