Interest Rate Roundup

Friday, May 22, 2009

"Selling America" redux

American assets continue to be sold aggressively. The Dollar Index is down 59 basis points to 79.94. The long bond futures are off 25/32 (the day's low). The 10-year Treasury Note yield is up just over 5 basis points to 3.42%. And gold is up more than $5 to around $960. When will someone in government come out and say "Bernanke, you're doing a heck of a job" I wonder?

UPDATE: Oops. Down goes Frazier! Bond futures just undercut their recent price lows. Down 1 1/32 at last count.


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