I thought I would throw the 10 year bond up (click to enlarge):
This is very strange price action.
Why is the 10 year selling off as the market reverses downward?
We should be seeing the exact opposite. This isn't a huge move but it's disturbing to say the least. Treasuries are supposed to be the safest of all safe havens. You would expect them to rise after seeing a nasty triple digit reversal like we did yesterday.
I guess when the government that backs them is bankrupt they all of the sudden don't look so safe anymore.
This is very strange price action.
Why is the 10 year selling off as the market reverses downward?
We should be seeing the exact opposite. This isn't a huge move but it's disturbing to say the least. Treasuries are supposed to be the safest of all safe havens. You would expect them to rise after seeing a nasty triple digit reversal like we did yesterday.
I guess when the government that backs them is bankrupt they all of the sudden don't look so safe anymore.
