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Really? You think?
Treasury 30-year bonds fell the most in seven weeks amid concern government efforts to spur the economy will lead to a record amount of debt sales as the U.S. prepares to auction $54 billion of notes this week.
“The Treasury market is worried about supply, especially the first week of the year,” di Galoma said.
My comment: The panic that drove everybody into Treasuries is subsiding as the TED spread, VIX, and LIBOR are all coming in a predicted. There will be more bad news and bankruptcies but we will see money begin to seek yield and…
6Jan2009 | The Real Deal | Comments Off | Continued
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