Wednesday, December 15, 2010

Urgent Warning: The White Horse Charges -- Episode 4

Treasurys Fall;

Benchmark Yield Curve Widens To Near-Record Steepness
Dec-15-2010---NEW YORK --The flailing Treasury market showed no sign of relief Wednesday as selling continued to mount from a broad range of market participants.

The benchmark 10-year note's yield touched 3.563%, the highest level since May 13. Traders said the yield could hit 3.6% in the short term should the selling gain further traction. Yields move inversely to prices. Optimism on the U.S. economic outlook has been a main driver in the heavy selloff over the past week, encouraging many investors to move out of safe-haven Treasurys and into riskier assets that offer potential for higher returns should the economic recovery gather pace
.TREASURIES-Bonds turn negative as selling persists
Dollar extends gains as US yields rise
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