Monday, April 16, 2012

Still The One.

Oh, how all those comments regarding the death of the dollar and the inevitable upward trajectory for rates seem so absurd.

April 16 (Bloomberg) -- Treasury 10-year note yields dropped below 2 percent for a second day amid mounting speculation the European sovereign-debt crisis is intensifying, increasing investor appetite for the safest assets.

Yields on the benchmark note touched the lowest level in more than five weeks even as a report showed retail sales in the U.S. rose more than forecast in March. Spanish bond yields reached a four-month high before debt auctions this week. A separate report showed manufacturing in the New York region expanded in April at the slowest pace in five month

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