Interest Rate Roundup

Friday, November 03, 2006

HUGE bond market selling

I didn't think the jobs numbers were all that much to write home about. But boy are the bonds getting clocked as a result. The continuous long bond futures contract was recently down 1 5/32 -- or 1.02%. That's the single-biggest one-day percentage decline since July 21, 2005. 10-year yields have shot up almost 11 basis points.


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