Treasuries, Oil Surge May Foreshadow Bond Bear Market (Update1)
Yields on 10-year notes fell as low as 3.79 percent last week, within a third of a percentage point of the consumer price index. Every time inflation has exceeded what investors get paid to own Treasuries, bonds have plunged. That happened from August 1973 through August 1975, when Ford addressed the nation with his ``Whip Inflation Now'' speech, and from January 1979 to October 1980, the end of Jimmy Carter's term.
"The yield on the benchmark 4 1/4 percent note maturing in November 2017 was little changed today at 3.94 percent,"
Tuesday, December 04, 2007
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