Plus, now that the House of Representatives voted to raise federal borrowing authority, investors signaled increased interested in buying one month T-bills, which lends money to the federal government for one month (which in turn caused interest rates to fall to the lowest level in three weeks). In other words, markets felt more secure in investing in the shorter term.
Little is known about how the hastily arranged meeting went. Reports from the border village of Panmunjom say the two sides' representatives appeared to behave cordially toward each other. But upcoming U.S.-South Korea joint military exercises could ratchet up tensions again.
City Councilman Kevin Faulconer will fill the seat vacated by disgraced former Mayor Bob Filner, a Democrat. Filner left office after less than a year following sexual harassment allegations from more than a dozen women.