Interest Rate Roundup

Thursday, May 11, 2006

US assets on sale ...

Here's a long bond futures weekly price chart ...

No question that we're in a downtrend. There's something more significant about today's market action, though: Virtually ALL U.S. assets are being sold. Bonds? Selling off. Stocks? Selling off. The dollar? Selling off. Looks like real revulsion. Definitely something to keep an eye on. The market is loudly and clearly saying that it thinks the Fed is falling behind the curve on inflation.


Post a Comment

<< Home

Site Meter