Friday, November 28, 2008

Treasury Yields Hit 50-Year Low

There is still huge fear in the markets....and the terrorist attack in Mumbai isn't helping, either.

The benchmark 10-year Treasury note is trading at 1-1/32 higher in price for a yield of 2.99 percent.

The benchmark yield fell to as low as 2.82 percent today, marking the lowest in at least five decades.

I have to think this is the greatest shorting opportunity in the history of Treasuries as Fed money printing will ultimately result in major double digit inflation.

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