Monday, January 28, 2013

First time in a while: 10 year Treasuries pierce 2 per cent

In case you missed the moment earlier on Monday, here’s the yield on US 10 year paper breaking through 2 per cent – albeit momentarily. At pixel the reading stood at 1.99…
Courtesy of Tradeweb

We haven’t seen that since April last year…

Thank durable goods orders coming in better than expected in December in the US.
In explaining the move, newswires were also citing a statement from Fitch saying the chances of the rating agency stripping the US of its triple-A status in the near term had receded following the temporary suspension of the debt limit.

Yes, can-kicking is now “bad” news as far as safe havens go.

No comments:

Lunch is for wimps

Lunch is for wimps
It's not a question of enough, pal. It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another.