ftalphaville.ft.com - 5/24/2009
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What a difference a day makes - at least to the holders of US and UK government bonds, and analysts. Since S&P said it would lower its outlook on the UK to negative from stable - which sparked suggestions the US might face a similar fate - Treasurys have faced tremendous selling pressure . In ...
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Sunday links: warrant pricing
Abnormal Returns —
... Aleph Blog)
American consumers’ mood has become somewhat more positive. (Bespoke)
By one estimate the effect of the stimulus is “pitifully small.” (Clusterstock)
The unemployment rate in the US could soon exceed Europe. (NYTimes)
Investor demand for government debt is not unlimited. (FT Alphaville)
“(W)e might have to start questioning ...
US Treasuries selling off, benchmark yield curve hits record wide
FT Alphaville —
... Dow Jones “mortgage related selling” was the driving force: Market participants “never thought Treasury yields could get up this high given Fed buying,” Klingman said CalculatedRisk, meanwhile, notes that with the 10-year hitting 3.7 per cent, mortgage rates will be increasing: Based on [the] historical data, a Ten Year yield at 3.7% suggests a 30 year mortgage rate of around 5.6%. Related links: Treasury investors take “sell in May” adage to heart - FT Alphaville On the not-unlimited appetite for government bonds - FT Alphaville
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Government Bonds
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U.S. Yuan Bonds?
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