Wednesday, April 20, 2005

The conundrum is back

“Just two months ago, with US Treasury 10-year bond yields hovering around 4 per cent, Federal Reserve chairman Alan Greenspan wondered publicly why they were not higher. Investors took the hint and pushed yields rapidly up to 4.6 per cent. But the recent burst of risk aversion in the financial markets has sent 10-year yields back down again to 4.25 per cent.”

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Sunday, February 05, 2006 2:58:00 AM  

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