Big Three Deliver Third Consecutive Week of Losses

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The equity markets’ early-2015 struggles continued, as the big three indexes delivered a third consecutive week of losses despite an impressive Friday rally. Oil continued to trend lower, with West Texas Intermediate crude prices approaching lows not seen since the financial crisis, though a Friday report from the International Energy Agency reducing its non-OPEC supply forecast sparked a small rebound. Yield on the benchmark ten-year Treasury fell below 1.7% during the week, the lowest since May 2013, while 30-year yields established new record lows near 2.35%.

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