The picture says it all today! More of a challenge by the bond vigilantes to the fortitude of the Fed! The size of the supply is apparently the greatest factor influencing the rising interest rates, as investors are demanding a higher interest rate to compensate for the increased risk. If America is going to borrow their way to prosperity, they're going to pay through the gills!Tuesday, February 3, 2009
Treasuries Tumble
The picture says it all today! More of a challenge by the bond vigilantes to the fortitude of the Fed! The size of the supply is apparently the greatest factor influencing the rising interest rates, as investors are demanding a higher interest rate to compensate for the increased risk. If America is going to borrow their way to prosperity, they're going to pay through the gills!
