Rebound
May 28th, 2009 9:47 am | by John Jansen |Benchmark 10 year and 30 year Treasury securities are sharply higher.
Some participants report that the highest yields in six months have attracted some buyers.
There was also rumor that the Fed bought $ 10 billion mortgages.
The best story I ever heard about rumors is that a rumor is a good rumor and OK to spread as long as you didnt make it up yourself.
3 Responses to “Rebound”
By Chicago on May 28, 2009 | Reply
There was a saying in the trading pits that if you start a rumor and you hear it back from two separate people, it then becomes a fact.
By S on May 28, 2009 | Reply
reaklly does the fed have another option other than to try an manipulate the rates down. Not a matter if but when. if Bernanke were in the private sector he would have been fired for the 12th time
By eh on May 29, 2009 | Reply
Ben and Tim must’ve been working the phones, calling in a few favors.