we beginning to see the end of the bubble for long-term Treasury Bonds? This article, Friday Showed More Signs Of A Revolution In The Bond Market, seems to believe we might be:
Why the stinky price action when we get a big miss on NFP
number? QE and the talk of stimulus done it. The numbers were so bad
that by 9:30 talking heads and pundits concluded that the tax cuts were
coming and we might just get a break on Social Security payroll
deductions any day. Forget about restraining QE-2; the talk went
straight into high gear with the only question; “How big might QE-3 be?”
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