If bonds were selling off after Obama's budget speech, you'd surely hear that the market was rejecting his weak-sauce proposal to balance the budget.
As it is, bonds are rallying. We're pretty sure there's no connection.
Here's a look at 10-year Treasury futures.
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See Also:
- PIMCO Officially Goes SHORT The US Treasury Market
- A Stark Visualization Of The Treasury Market Deluge Beginning On July 1
- Another Huge Winner From Dollar Devaluation
Full story at http://feedproxy.google.com/~r/businessinsider/~3/NpI31KbW8PU/bonds-continue-to-rally-after-obamas-budget-speech-2011-4
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