Friday January 28, 6:22 pm Eastern Time
US Yield Curve-Bonds dance to a different drummer
By Lynn Adler
NEW YORK, Jan 28 (Reuters) - The Treasury yield curve is upside down,
with long bonds yielding less than short-term notes for the first time
a decade, as rumor-plagued conditions whipsawed the market
indefinitely into volatile new terrain.
Talk of failing hedge funds, bad derivatives plays, banks dumping
mortgages and huge mutual fund trades kept Treasury notes firm but
trading far behind bonds, which jumped more than one point in a wildly
gyrating market on Friday.
. . . http://biz.yahoo.com/rf/000128/bbj.html
Tom Walker
