Treasurys plunged as dollars poured out of bonds and into equities. The 30-year yield +0.13 to 4.6%; 10-year +0.16 to 3.71%; 5-year +0.17 to 2.58%. Dollar strong against yen, +1.5%; +0.2% against pound.
This is the ONLY way treasuries can go, when you have to finance almost a two trillion dollar Obama 2009 deficit. I am very happy owning TMV. It's the best way to profit on Obama's reckless spending, and a good way to offset the higher taxes coming to pay for his foolishness.
