Dec 052010
Are we beginning to see the end of the bubble for long-term Treasury Bonds? This article, Friday Showed More Signs Of A Revolution In The Bond Market, seems to believe we might be:
Why the stinky price action when we get a big miss on NFP number? QE and the talk of stimulus done it. The numbers were so bad that by 9:30 talking heads and pundits concluded that the tax cuts were coming and we might just get a break on Social Security payroll deductions any day. Forget about restraining QE-2; the talk went straight into high gear with the only question; “How big might QE-3 be?”
