No. of Recommendations: 0
Very interesting article AJ, Thanks.

Today's action indicated to me that the 30 year had gotten a little out of hand and is starting to correct. I applaud Summers announcement that they are going to buy back across the full yield curve and not concentrate on the 10 & 30 year. I am wondering why he didn't wait one more day to say that as there is a big auction of 30 years tomorrow. His remarks cost the gov't a bundle. Probably if he had waited he would have angered a lot of bond traders that he needs to sell to in the future.

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.