While we can understand the bad taste left in people’s mouths from the lack of any outline as to how the U.S. will ultimately resolve its own long-term fiscal challenges, the events of this week are hardly deserving of the melt-up in bond yields, which look like a nice buying opportunity once January arrives and more liquid conditions resurface. [today]
Bill: Uh... The Bonds look like a nice buying op, not the yields... :-)
No comments:
Post a Comment