| Apr 12, 2011 12:17PM At a summit held in Charlotte, North Carolina on Monday, the new Consumer Financial Protection Bureau (CFPB) and the Presidential Initiative Working Group of the National Association of Attorneys General (NAAG) released nine principles which a press release described as "the first step in forging a new partnership between federal and state officials to protect consumers of financial products and services." The Joint Statement of Principles grew out of goals set by the CFPB and NAAG to protect consumers... Apr 12, 2011 3:58PM Risk trades were peeled off today and the bond market rallied. The directional move was more than welcome by bond bulls as it served to stave off an all-out bearish technical breakdown. The rates rally took shape in above-average overnight trading volumes following a series of bond supportive news headlines . Aiding the rates recovery was weakness in equities that sold off around the globe , leading a flight to safety into government bonds. This forced the yield curve flatter as fast money short...
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