Treasury prices slide after Thanksgiving

http://news.ft.com/cms/s/22c810e0-4211-11d9-8e3c-00000e2511c8.html

Treasury prices slide after Thanksgiving
By Jennifer Hughes in New York, Alex Skorecki in London and Mariko Sanchanta in Tokyo

US Treasury investors got a rude awakening after the Thanksgiving holiday when prices unexpectedly slid and yields jumped to three-month highs.

There were a number of rumours about the cause of the move, but no agreed version, including a shift in asset allocation towards equities and year-end profit-taking. Many banks end their fiscal year on Tuesday.

The moves were more extreme in longer-dated bonds, leading strategists to suggest profit-taking in "curve flattening" trades, meaning investors were forced to buy back short-dated bonds and sell holdings of longer-dated notes. Short-dated paper is more sensitive to changes in interest rates and the trade had been popular ahead of next month's expected quarter-point rate rise from the Federal Reserve.

By late trade in New York, the yield on the two-year note was up 2.9 basis points at 3.070 per cent, while the yield on the10-year jumped 10bp to 4.334 per cent.

Not good at all.

Nobody believes in our ability to pay.

What will happen when George defaults?

:puke:

Who the hell is minding the store?! Unexpected slide?

the propaganda is killing me tonight. Must go do a few shots of brandy and pass out!!!

God I am happy I am out of that racket... GOD....

WHO THE HELL IS MINDING THAT STORE???????????

...real bad....

Deficit out of control, Dollar tanking, Gold Rising to 16 Year high...

We in America (unless there is somebody still alive from the Depression) have no idea what suffering is...wait and watch folks, it won't be pretty....

1. people waiting in the back of grocery stores and diners at the garbage cans for food to be thrown away, so they could eat.
2. countless numbers of people begging on the street.
3. a line of people at the back door of our house asking my mother for food which she gave them.....usually eggs and toast.
4. chalk marks on street indicating homes who would feed people.

Everything bad is Clinton's fault, always and forever.

towards interest payments on the debt (which I believe is paid in treasuries)... back in the high deficit late Reagan years it was a substantial annual expenditure (maybe the third largest outlay...)

How long before it becomes the biggest chunk of outlays (or are we there?) How long before we pay taxes primarily to pay off the spending of post 1980 republican presidents/administrations?

My idiot family believes that Jesus is coming to take them away next week. They don't care about the deficit. They don't care about the Red Ink, they belong to the Presidential Prayer Team and Jesus will intervene to wipe the deficit away!

problem is, They've uttered this same shit for the past 20 years!