Thursday, December 18, 2008

Another New Low for the 10 Year Treasury

Per the AP:

The benchmark 10-year Treasury note's price, which moves inversely to its yield, rose more than one full point, pushing down the yield briefly to 2.04 percent , the lowest level since the early 1950s.

Is it time to go short?  Say PST, Lehman Ultra Short 7-10 Year Treasuries.

This is too obvious to work.  Plus the 10 year has been hitting records all month.  

No comments: