After Europe’s Finished It’s Our Turn

Thursday, September 29, 2011
By Paul Martin

by Phoenix Capital Research
ZeroHedge.com
09/29/2011

wanted to take a moment to address the Fed’s new program of buying the long-end of the Treasury curve and its implications.

First off, because of the August collapse in stocks, long-term Treasuries have already rallied quite sharply. Indeed, the 30-year Treasury just hit a new ALL TIME high the afternoon after the Fed announced its new program.

That’s correct, the 30-Year Treasury is now trading even HIGHER than it was at the absolute nadir of the 2008/2009 Crash:
The Rest…HERE

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