Postby ray d saint » January 16th, 2009, 7:46 am
Jan. 16 (Bloomberg) -- Ten-year Treasuries fell the most in almost two weeks on speculation government efforts to bail out U.S. banks and the economy will cause the deficit to balloon.
The decline drove yields to about a quarter-percentage point more than the record low set last month after the U.S. agreed a $138 billion bailout of Bank of America Corp. and lawmakers unveiled an $825 billion plan to snap the recession. The latest proposals would add to a budget deficit the Congressional Budget Office says will more than double this year to $1.18 trillion.
“The Bank of America bailout has stimulated demand for risky assets and so Treasuries are being sold off,â€
Last edited by
ray d saint on January 16th, 2009, 7:50 am, edited 2 times in total.
