At The Hearings
November 29th, 2007 by 
reality
What did the bond market know and when did it know it? Shouldn’t it have warned us? Or done something?
Treasury bills ($IRX) at 2.8%. 10year Treasury note ($TNX) at 3.9%. TED spread at 220 bps. Talk about a cry for help.
Just as a data point about the value of some of this paper, E-Trade just sold its ABS portfolio to Citadel for 27 cents on the dollar. What’s in your money market account?
Posted in Fixed Income | 