Friday, August 20, 2010
WSJ: Treasury Yields Fall In Trading Friday
For awhile now I have been saying I am bearish on Treasuries. I have even gone so far as to put out a list of DOW stocks that are trading with higher yields than Treasuries. Perhaps it is time to update my list. Today during intra-day trading, the yield on the 10-year fell as low as 2.531%. Here is an interesting article from The Wall Street Journal. Apparently, I am not the only one totally miffed by this phenomenon. Make no bones about it, I am on the side of the trade that thinks this is a massive bubble forming in Treasuries.
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