Treasury Yields Dropped
November 26th, 2007
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Big drop in Treasury yields today. The 2Y went from about 3.01% to 2.88%. Most believe a big part of the buying spree was large investors seeking to cover other investments they had made. But that wouldn’t account for all of the reduction. The 10-year dropped to levels not seen since March 2004. It was down to 3.84%.
Some believe it is a further flight to safety from other investment vehicles. The continued drop will make it difficult for the Fed to not decrease rates again on Dec. 11.
-- By Chris Duncan
