As one trader put it, the funniest thing this week was "the one hour when the long bond cared about Standard and Poors."
You can see the big yield spike on the 30-year Monday morning after the downgrade. After that, nada.
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See Also:
- 30-Year Bond Stages Gigantic Rally, As The Market's Middle Finger To S&P Is Complete
- Here's What's Really Happening In The Market Following That S&P Downgrade
- Shock Report Says PIMCO Is Already Buying Treasuries Again After Going Short
Full story at http://feedproxy.google.com/~r/businessinsider/~3/2w_z-6Jq00o/the-funniest-hour-of-the-past-week-2011-4
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