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Bonds still riding high on credit fears (Depression on Steroids!!)
http://money.cnn.com/2007/08/24/markets/bondcenter/bonds/index.htm?postversion=2007082409 ^ | 8-24-07

Posted on 08/24/2007 10:04:37 AM PDT by Hydroshock

NEW YORK (CNNMoney.com) -- Bond remained higher Friday despite a surprisingly strong durables goods reading as credit worries continued to trouble investors.

The dollar fell against the euro and the yen.

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Luke Newman joins CNN to explain how a private investor can build a balanced portfolio in uncertain times. Play video

The 10-year benchmark note gained 8/32, or $2.50 on a $1,000 note, to yield 4.62 percent, down from 4.64 late Thursday. Bond prices and yields move in opposite directions.

Bernanke: The un-Greenspan The closely watched three-month Treasury bills, which have been the focus of the market this week, rose to 4.04 percent from 3.93 the previous session, suggesting that investors were no longer looking to the shorter-dated securities for safety.

(Excerpt) Read more at money.cnn.com ...


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1 posted on 08/24/2007 10:04:38 AM PDT by Hydroshock
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To: Hydroshock

"Am I High? I swear, someone told me it was just a vitamin pill."

2 posted on 08/24/2007 10:13:06 AM PDT by Paradox (Politics: The art of convincing the populace that your delusions are superior to others.)
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To: Paradox

Good one! Beat me to it.


3 posted on 08/24/2007 10:39:18 AM PDT by GOP_Party_Animal
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