Monday, October 17, 2011

Heavy fall of the treasuries

Treasuries Tumble in Longest Weekly Losing Streaks Since April

Treasuries fell, with 10- and 30-year securities in their longest weekly losing streaks in more than six months, as European leaders’ efforts to resolve the sovereign-debt crisis damped refuge demand.
Ten-year yields approached a six-week high as U.S. retail sales rose more than forecast, easing concern the nation is headed for a recession. Group of 20 finance ministers began a two-day meeting in Paris amid speculation they’ll agree to give the International Monetary Fund greater firepower to resolve Europe’s debt woes.
Comment: This is just the beginning. There is more to come. You can jump in safely. The ride will be a long ride.

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