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Capital Markets Remain Unhinged

The dramatic move in the capital markets continues.  The US dollar is soaring as yields and equities slide.  The US 10-year yield has fallen below 1.30 to 1.26%  European benchmark yields are 1-4 bp lower,...

Japanese premier orders last Fukushima reactors decommissioned

Japanese Prime Minister Shinzo Abe has ordered the decommissioning of the intact No. 5 and No. 6 reactors at the Fukushima Daiichi nuclear plant. His decision follows groundwater contamination from damaged reactors. Prime Minister Abe...