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Politics : Stockman Scott's Political Debate Porch

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To: Jim Willie CB who wrote (19050)5/12/2003 5:23:37 PM
From: Crimson Ghost  Read Replies (1) of 89467
 
The key factor behind this rally seems to be Fed manipulation of the bond market. How else could T-bond yields be sitting on their lows despite a big stock rally?

Bond yields have risen sharply in every other bear market rally over the last few years. But not now with the Fed talking about capping long-term yields. The 10-year T-bond probably would be yielding about 4.5% today without this gross manipulation.

How long this nonsense can last I do not know. But the aftermath will be pretty awful for all concerned IMHO.
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