Extraordinary Doings in the Bond Market

By: Francis Cianfrocca (Diary)  |  November 20th at 07:11 PM  | 

To go along with the piece I wrote earlier today (here), the bond market appears to have picked up on the theme of deflation. The 30-year US Treasury bond rocketed upward in price to more than 118 and a half by today’s market close, and much of the move came late in the day. This price corresponds to an interest-rate of 3.49% for the long | Read More »