Lobbyists for U.S. banks say a proposed ban on proprietary trading will cost companies and investors more than $350 billion. Some economists and fund managers say the claim is greatly exaggerated.
Treasury notes fell as Federal Reserve Chair Janet Yellen said the central bank has a “continuing commitment” to support the recovery even as policy makers see full employment by late 2016.
"This increased volatility with the selloff in oil, increased volatility in risk assets is creating uncertainty, which is why investors are moving to the Treasury sector."
- Sean Simko on Dec 10, 2014