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The Real Secret to Fractional Banking
Aug. 25 (Bloomberg) — Treasuries rose the most in almost two weeks on speculation credit-market turmoil may be widening.
The gains pushed yields on U.S. 10-year notes to the lowest since May 13 as financial stocks fell amid speculation American International Group Inc. will post a loss and Korea Development Bank may be reconsidering a possible bid for Lehman Brothers Holdings Inc. Interest-rate derivatives imply banks are becoming more hesitant to lend.
Oh boy…here we go. I’m struggling to even figure out where to start. First of all, any idiot who buys a U.S. Treasury Bond should be…
26Aug2008 | Oakshire Financial | Comments Off | Continued
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