Wednesday, December 8, 2010

Bonds pummeled today

Safe-haven no more?

Financial Times:US Treasuries hit by biggest sell-off in two years
US Treasuries suffered their biggest two-day sell-off since the collapse of Lehman Brothers, following a torrid month that has seen borrowing costs for western governments soar.

Germany, Japan and the US have all seen their benchmark market interest rates rise by more than a quarter in the past month while the UK’s has risen by nearly a fifth.

Continue reading at link...

Or is it something bigger? Another Lehman type crash?

No cheer.

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