This shouldn't surprise anybody at this point, but Treasurys and the dollar are both higher...


This shouldn't surprise anybody at this point, but Treasurys and the dollar are both higher despite the S&P downgrade. Fed chief Bernanke has finally delivered on his promise of lower interest rates as the 10-year yield - now at 2.4% -  drops solidly below its level on the day QE2 was unveiled at Jackson Hole nearly a year ago.

From other sites
Comments (2)
  • Leftfield
    , contributor
    Comments (4060) | Send Message
     
    Bernanke's "promise of lower interest rates" is only fulfilled now, 1-1/2 months after his ill-advised program of dollar debasement ended.

     

    Under QE2, the Fed spent $600 billion to buy Treasuries which helped European banks mostly but whose inflationary impact served mainly to raise interest rates and commodities costs.
    8 Aug 2011, 10:40 AM Reply Like
  • bob adamson
    , contributor
    Comments (4560) | Send Message
     
    Clearly it's the EU developments primarily that are driving international markets. The S%P downgrade (and the unease about the toxic deadlock in Washington that underlies that downgrade) has an impact but largely because the EU and US situations are occurring in tandem.
    8 Aug 2011, 10:48 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs