Treasury yields touch new lows after payrolls

Date: Friday, August 6, 2010

Treasury yields touch new lows after payrolls
A weak report on the U.S. labor market raises expectations that the
Federal Reserve may take steps next week toward using monetary policy
to support the economy.

U.S. STOCKS DROP ON DISAPPOINTING JOBS REPORT
U.S. stocks slide Friday as Wall Street shows its disappointment over
the government's July jobs numbers.

GOLD FUTURES JUMP 1% TO TOP $1,200 AN OUNCE
Gold jumps more than $12 in late morning activity, recapturing the
$1,200 mark and then some as investors worry about the U.S. employment
picture and the dollar continues a steep decline.

CRUDE DECLINES AFTER U.S. JOBS DATA DISAPPOINT
Oil prices fall after data show a smaller-than-expected increase in
private nonfarm payrolls in July, reigniting worries about the U.S.
economy and its impact on energy demand.

GERMAN INDUSTRIAL PRODUCTION SEES UNEXPECTED SLIP
The 0.6% decline reported for June industrial production isn't likely
to have put a major dent in Germany's second-quarter economic growth,
economists say.