Treasury Free Fall
Courtesy of Zero Hedge
One entertaining side effect of soon paying $4.00 for gas again while housing prices keep crashing is that bond prices will soon be very amusing. But no worries, at least that paper profit in the 401(k) which the baby boomers will soon need to start extracting is up for the day – Bernanke’s Friday mission – accomplised. In the meantime, better get a whole lot of those OMO actions ready on deck.
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