On November 11th I made the lucky guess that rates will rise even though Ben committed 600 billion Dollars to make them fall.
Also, on September 28th, I appealed to your sense of civic duty to accommodate Ben by selling your Treasuries to him.
Turns out, this wasn't such a bad move after all:
The 10 year note traded at 125.84 on September 28, at 125.6 on November 11 and now can be had for 121.6.
Yields rose from 2.45% to now 3.14%.
These moves would not warrant the use of the term "cratering", but perhaps these do : The 30 year bond fell from a high of almost 136 to now 122 and the yield on the 5 year note rose from just above 1% to now 1.7% in the same time frame.
Again, just a lucky guess, but I'm betting this trend will continue.
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