I find this chart interesting – this is the weekly price of the 30 yr US treasury bond
one of my beliefs is that financial bubbles ALWAYS fully retrace themselves – notice how the bond bubble rally that started in Nov ’08 has pretty much been retraced now – also notice the blip in Mar ’09 after Bernanke said the Fed would be buying bonds – that blip was pretty short lived – what is Ben going to do next? [/quote]
Great chart, thanks.
Benny had to move heaven and earth to get rates down in an environment that dictates high rates. Seems it couldn’t last.
