Cairo unrest spurs demand for safety

Despite a strong reading from the ADP employment report on Wednesday there are a couple of dampeners to cause a bid to fixed income prices. Earlier enthusiasm for a lasting solution to the Eurozone sovereign debt crisis took a ding following comments from a German official while a reminder of the lingering crisis came in the form of an Irish downgrade. The one-sided Egyptian political crisis took a peculiar turn in light of President Mubarak’s announcement that he wouldn’t seek reelection in