You sure are Chicken Little. The sky is always falling for you.

-----Original Message-----
From: [email protected] [mailto:[email protected]] On Behalf
Of Bob Calco
Sent: Thursday, 28 May 2009 10:55 AM
To: 'ProFox Email List'
Subject: [OT] Get Your Life Jacket! Here Comes Hope and Change!

http://www.cnbc.com/id/30968861

New Investor Worry: Treasury Selloff Spiking Interest Rates

- - -
A selling spree in Treasuries pushed rates higher, taking the yield curve to
its steepest on record as spreads between the 2-year and 10-year widened by
over a dozen basis points on Wednesday alone.

The 10-year saw its yield move above 3.70 percent, after trading at 3.55
percent the previous day. The selling wave hit bonds shortly after 1 p.m.,
even after the auction of $35 billion in 5-year notes was well received.
- - -

bbbrrrbbbrrmmmm...

Don't worry, that low, barely perceptible sound you heard below deck was no
big deal, just a small iceberg.

- Bob


[excessive quoting removed by server]

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