Interest Rate Roundup

Wednesday, January 23, 2008

30-year bond yields hit multi-decade lows

Stunning market action this morning in the bond market. The long bond traded at a 4.101% yield (down about 7 basis points) a little while ago. That's the lowest since the Treasury Department began selling 30-years regularly in 1977, per Bloomberg. Ten-year yields are closing in on the key level I mentioned in this post yesterday.


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