Global bond rout deepens on US fiscal worries (buying, currency, stocks)
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
And as an aside, on an annualized basis, the three above combined sold far more corporate equities than they bought. So it must have been that good old household sector buying right? Wrong - "households" sold over $200 billion corporate equities annualized in Q3. So there you have it again - everyone was selling, yet equities magically levitated up starting with Bernanke's Woods Hole speech. So aside from the fact that even the government admits there was a global net selling in stocks (just over $20 billion) in Q3, the market somehow levitated to close about 10% higher in Q3.
Yeah 10 year bonds at 3.35% is a total disaster. This "rout" is merely a correction from a ridiculously low level which wasn't sustainable for long.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.