It’s a fairly slow day, with bond prices rising, and yields falling as the markets wait for the non-farm payroll (NFP) and unemployment rates later this week, so investors are concerned about risk, and moving into Treasurys.
This sentiment has also strengthened the dollar today.
Still, we are seeing decreased volatility in the markets, with the VIX volatility index falling to its lowest level since September.
Losses for insurers in the 1st quarter hit a new record, but that should surprise no one who has been watching.
There has actually been a fair amount of news about energy though, with natural gas declining on high stockpiles, and the IEA cutting its 5 year outlook on oil demand because of the economic downturn.
Oil was actually up today, on further violence in the Niger delta, though it appears that retail gasoline prices will hold steady for the July 4 holiday.