So much for the QE "preferred habitat" theory. Everything is out the window when fear comes a knocking.
This is my effort to help fit the pieces together to get a better picture of the capital markets.
“It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.”
Monday, November 29, 2010
Bailout Jitters Favor Long Duration
Anyone else notice that the new "bailout disappointment" is showing the 10yr T no love? Its been about getting long.
So much for the QE "preferred habitat" theory. Everything is out the window when fear comes a knocking.
So much for the QE "preferred habitat" theory. Everything is out the window when fear comes a knocking.
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