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Wed, April 11, 2012

Disappointing Payrolls Report in U.S. and Wider Peripheral Sovereign Spreads in Europe


Published on 2012-04-11 07:31:51 - Market Wire
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NEW YORK--([ ])--Wall Street Media presentsexclusive video of Rich Gordon, the highly regarded Fixed Income Market Strategist of Wells Fargo Securities (NYSE: WFC). Gordon discusses the disappointing payrolls report from Friday, as well as, troubling signs coming out of Europe.

Although the optimism for 2012 has been high, the payrolls report has left something to be desired. There have also been declines in hourly earnings and a continued high rate in structural unemployment. Europe has had its own economic stress as well. Spainas 10 year spread over German Bunds has widened by 90 basis points since mid-March and European banks risk deterioration in bank capital if there is any restructuring of sovereign debt.

Please visit the following link to view the video:

[ http://www.wsw.com/webcast/wav/ ]

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