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发表于 2009-7-31 05:10 PM
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I saw some discussions on the rising T-bill from somewhere else. Here's one response
"As a "smart bond guy" I can tell you that aggressive Treasury buying today has to be put into context of what else is going on in bonds. Namely, that investors are buying up corporate bonds like they are going out of style.
That's a sharp contrast to what was going on early in the banking crisis, where corporate bonds were weak even as the stock market was holding up.
So I wouldn't read too much into today's Treasury rally, certainly not that we bond guys are collectively bearish. " |
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