Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: Jim Willie CB who wrote (3948)	8/5/2002 4:37:39 PM
From: stockman_scott	Read Replies (1) of 89467

BOND REPORT 2-year yield falls below 2% first time By Rex Nutting, CBS.MarketWatch.com Last Update: 2:42 PM ET Aug. 5, 2002 NEW YORK (CBS.MW) - Treasurys rallied again Monday, driving yields below key psychological levels as stocks tumbled further. The yield on the Fed-sensitive 2-year note fell below 2 percent for the first time ever. The short end of the curve is rallying on renewed speculation that the Federal Reserve would cut its overnight interest rate target to prevent a "double-dip" recession.

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