Friday, August 6, 2010

Bonds still don't lie

Even before the jobs report, the 2-year note yield was falling.
This is a three-month chart. Once again today, at a new all-time low in yield and that does not spell confidence for the economy.
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1 comment:

  1. Paul O'CuanaAugust 6, 2010 at 12:36 PM

    Exactly right. It's up to the equity bulls to explain this low yield.

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