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Selling in the U.S. Treasury market lets up for a day, with prices rising (yields falling) by...

Selling in the U.S. Treasury market lets up for a day, with prices rising (yields falling) by the most this month. The long bond -7 bps to 3.38%, the 10-year note -7 bps 2.29%. Bonds won the day to today, but the stocks vs. fixed income debate heats up.
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  • Ted Bear
    , contributor
    Comments (655) | Send Message
     
    Money at the Fed....all you want....costs zero. It was a sick and cruel joke to get weak holders in bonds to puke them up, arguing that rates were going to soar. Based on what, free money, and 20% unempoyment?

     

    The final strraw was Goldman's call today. That gave them a chance to short the hell out of equites...or get out of stale longs...and buy cheap bonds to cover and get long. Notice the pattern in the market? A classic Goldman call to get the muppets to puke up what Goldman wants for their trading book. And once again, it worked nicely in their favor. Gee, doing gods work isn't that difficult after all....as long as their are mupppets to fleece.
    21 Mar 2012, 05:11 PM Reply Like
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