After Europe’s Finished It’s Our Turn
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