Treasury Market Update
October 21st, 2009 9:12 am | by John Jansen |The US Treasury market is suffering an unseemly decline this morning with the yield on the 10 year note at close to 3.40 percent.
I printed a post about the Bank of England minutes and the turmoil which that has caused in the Gilt market. There is also supply in England as the UK is offering 7 billion Sterling of a 50 year bond.
The two of those factors have combined to pressure the market lower stateside.
Regarding the sale of 50 year bonds by the UK, Goldman Sachs is one of the managers of the deal. It is very obvious to me that there is House of Windsor blood coursing through the corporate veins at Goldman Sachs.
How else could they have achieved such status? I have read stories on the internet that Goldman Sachs financed Henry V incursion into France in the 15 th century which ended with the UK victory at Agincourt and Goldman has exacted a price from governments of every ilk since that time.
Why else would the UK Debt Management Office have hired Goldman to be part of the group managing the sale?
5 Responses to “Treasury Market Update”
By P.K. on Oct 21, 2009 | Reply
I like your sarcasm.
By Emini on Oct 21, 2009 | Reply
Something ain’t right
I pray to whomever, that people would take some time out of their lives to see what is going on.
In the meantime, keep up the fine work.
By Chicken on Oct 21, 2009 | Reply
Wow, GS is entrenched much deeper than I’d thought but wasn’t it Rothschild who provided financing during the period?
By Chicken on Oct 21, 2009 | Reply
Let’s see what Volcker has to say, I admire this man quite a bit:
http://dealbook.blogs.nytimes.com/2009/10/21/volckers-voice-fails-to-sell-a-bank-strategy/