Posted on 08/13/2013 9:40:43 AM PDT by whitedog57
Global sovereign yields jumped almost 10 basis points (except for Greece).
wbm081313
And as of 11am EST, the US Treasury 10 year yield rose almost 9 basis points as retail sales rose in July for a fourth consecutive month.
ust10081313
The US Treasury yield curve steepened (of course, it looks like the Treasury 10 year yield increase since the short-end of the curve is low and seemingly constant).
102081313
The Fannie Mae 3.0% agency MBS continues its fall from May 1, 2013. I reach a plateau since mid July but may start falling again.
fannie3081313
And the Dow Jones is down another 50 or so. It has not been pretty since August 2nd.
djia08131
Retail sales up, Dow down. Could it be that investors are worried about The Fed tapering? Could it be that our economy is so weak that we are dependent on Fed cocaine?
wbm081313 ust10081313 102081313 fannie3081313 djia08131 back at ya.
The US 10 year Yield was pretty much this high just a week or so ago. Then it slowly dropped way down. It could be normal market action, but I don’t think anything is normal market action anymore. I think the FED and the Treasury have ways to manipulate the rates back down.
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