Treasuries Hammered

Treasuries encountered more selling pressure today, which sent the yield on the benchmark 10-year Note above 2.37%. That makes me very wary of this bull market.



Seven Sentinels remained in a sell condition today.

 

[Boghie]

CH,

It will be a problem for the gubmint and any other entity that borrows to cover operating expenses. A very bad problem.

We (the imperial we - yuk, yuk) have been waiting for this. I think it will be beneficial for the equity market though. And, it had to happen. Don't want to think of what this will do for Federal borrowing though...

 

[coolhand]

CH,

It will be a problem for the gubmint and any other entity that borrows to cover operating expenses. A very bad problem.

We (the imperial we - yuk, yuk) have been waiting for this. I think it will be beneficial for the equity market though. And, it had to happen. Don't want to think of what this will do for Federal borrowing though...

Hi Boghie,

I'm looking at the short term only and I could be wrong, but we could see some selling pressure on such "seemingly" bullish action in treasuries.

 

[MrJohnRoss]

Start up the printing presses! That always solves any problem, right? Just go in and buy your own debt. What could possibly go wrong?

 

[RealMoneyIssues]

Mortgage rates are going to go up now... slow down on the buying and selling, maybe refinancing of houses...

 

[clester]

That Makes G fund more appealing too! We're almost up to inflation rate.