Just a quickie to bring your attention to this, yesterday's close on the U.S. Government bond market as reported by Google Finance. Note the 10 year bond - less than 2%. Bond Maturity Yield (effective interest rate) change in points(percent) 3 Month 0.01% 0.00 (0.00%) 6 Month 0.04% +0.01 (33.33%) 2 Year 0.19% +0.01 (5.56%) … Continue reading US Government Bond Market & Interest Rate Watch – No Signs of Worry Over Deficits, Inflation, or Default
It's now Monday morning, Aug 8. It's been roughly 60 hours since S&P downgraded the rating on U.S. government bonds. In that 60 hours the media, particularly TV talking head channels, have been breathlessly awaiting what they felt was a certain market panic on Monday. Clearly interest rates would go up they said. They were … Continue reading The Market Shrugs Off Rating Downgrade, Market Is Worried About Real Economy.