Another Rough Day

The market opened much lower again today, but the real action is in the bond market. Rates are plunging. The three-month T-bill just broke below 2% and the 10-year is below 3.5%.
The Fed’s 17 interest rate hikes are being undone in front of our eyes.

Posted by on January 23rd, 2008 at 9:43 am


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