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The dive in commodities and selling in equities is generating a bid for Treasurys, the 10-year...

The dive in commodities and selling in equities is generating a bid for Treasurys, the 10-year yield falling 3 bps to a YTD low of 1.69%. The long bond yield falls 2 bps to 2.89%. After a big selloff to start 2013, TLT - up 0.35% premarket - is in the green for the year. Treasury bears - for now - are foiled again: TBT -1% premarket, -4.1% YTD.
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  • Whitehawk
    , contributor
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    “I look forward to the day when the economy is strong enough for us to raise the interest rate on excess reserves,” and “when that happens deposit rates will also rise,” Dudley said in a speech last month in New York. “It will be my mother and my mother-in-law and others like them, not bankers, who will mainly benefit.”

     

    How charitable. However, will the Fed be able to control (suppress) rates for much longer? That is the question. Creditors do not want to lend at high risk, low reward rates.
    15 Apr 2013, 04:33 PM Reply Like
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