North Korea fired another ballistic missile over Japan Thursday night, proving that it has the capacity to reach Guam now.

The market reaction? Almost nonexistant.

Stock futures were steady. The yield on the benchmark 10-year Treasury fell late Thursday after the news broke, but rose in overnight trading and into early Friday. It dipped only after a round of economic reports Friday morning.

“We’re certainly cognizant that the market has become somewhat numbed to the geopolitical threats arising from the tensions with Pyongyang,…
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