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Ten-year Treasurys take out their low yield for the year, now sitting at 3.17%. Amid S&P...

Ten-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%.
Comments (3)
  • Econdoc
    , contributor
    Comments (2944) | Send Message
     
    this is funny

     

    yes. please downgrade the US to AA or A, that will help drive rates lower

     

    E
    5 May 2011, 03:42 PM Reply Like
  • Machiavelli999
    , contributor
    Comments (829) | Send Message
     
    Just some perspective, the S&P downgraded Japan in the early 90s and it's yields are still microscopic.

     

    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?
    5 May 2011, 04:06 PM Reply Like
  • Econdoc
    , contributor
    Comments (2944) | Send Message
     
    indeed my Prince. why should anyone care
    5 May 2011, 04:31 PM Reply Like
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