Monday, June 28, 2010

US double dip recession being priced in 2010 (US Treasuries)

10 year US Treasury smashes though psychological 3.00% to 13-month lows of 2.9885% as at 29 June 2010

refer back to December 2008 (before massive stimulus rallies in 2009) Dow was at 8,691 and the 10 yr was at 2.64%

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