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Ten-year Treasurys take out their low yield for the year, now sitting at 3.17%. Amid S&P...
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Thursday, May 5, 2011, 3:35 PM ETTen-year Treasurys take out their low yield for the year, now sitting at 3.17%. Amid S&P downgrades, famous short sellers, and chatter about a default if the debt ceiling isn't raised, money finds its way into U.S. government securities when trouble arises. TLT +1.0%, TBF -1.1%.
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This news story has 3 comments:
yes. please downgrade the US to AA or A, that will help drive rates lower
E
The S&P also slapped AAA ratings on MBS securities and those securities blew up.
The better question should be...why does anyone care what the S&P thinks?