Countdown to the closing bell starts right now. Good afternoon, everybody, im liz claman, happy monday, last hour of trading. Lets focus on u. S. Treasury yields, marching upwards picking up where they left off friday. The tenyear at the high point, there it is, 2. 89 . That is the highest level since july of 2011. Now, the benchmark yield nearly doubled since may as investors grapple with when and how the feds asset buying tapers the market. Will businesses and stocks start to get hurt . Keeping confidence in u. S. Markets is the subject of president obamas meeting going on right now in washington on regulatory reform. The president urges top financial regulators to implement the doddfrank reforms, and theres more than a thousand that have yet to be enacted despite being passed in congress way back in 2010. We need to get to jpmar begin, in the cross hairs of the u. S. Government, this time, nothing to do with the 6 billion london wale trading scandal or complex electricity contracts.
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