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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: mishedlo who wrote (109899)3/25/2010 12:35:29 AM
From: Haim R. Branisteanu5 Recommendations  Read Replies (2) of 116555
 
Mish I think you are not exactly correct!! See below

10-Yr Benchmark Govt Yields - U.S. vs Other Nations

              Current     --------------  Spread in Basis Points  ----------- 
Yield Today Prev Day Week Ago Month Ago Year Ago

U.S. 3.833 %
Australia 5.793 % 196.0 183.7 196.2 184.9 187.6
Austria 3.510 % -32.3 -35.2 -14.2 -9.4 129.0
Belgium 3.605 % -22.8 -23.0 -2.0 -2.7 123.1
Canada 3.535 % -29.8 -30.4 -22.5 -29.3 17.4
Denmark 3.393 % -44.0 -45.8 -27.1 -22.9 75.2
France 3.438 % -39.5 -41.3 -22.9 -24.8 86.7
Germany 3.098 % -73.5 -75.3 -54.2 -52.7 36.0
Japan 1.371 % -246.2 -250.7 -230.8 -245.3 -150.7
Netherlands 3.366 % -46.7 -48.5 -27.7 -24.6 103.0
Portugal 4.333 % 50.0 48.2 61.9 80.9 183.1
Italy 3.938 % 10.5 8.7 27.3 28.6 159.0
Spain 3.866 % 3.3 1.5 20.7 22.0 134.1

Sweden 3.158 % -67.5 -69.3 -45.3 -45.0 36.3
U.K. 3.964 % 13.1 11.7 29.8 43.8 48.2

See the market prices of 10 year notes - US and Spain at same yield!!

More so the spread to 3 month notes or FED/ECB funds is higher in the US by 3/4% as such one can claim that US 10 year notes trade at same spread as Portugal and still the US has a AAA rating even that the market price it at AA-

Aside I posted earlier the unemployment in US cities - in too many cases not much better than Spain or Portugal. Aside saving rates there are meaningful higher

So before getting all excited - please compare apples to apples

Accurate and non biased reporting is VERY IMPORTANT - BWDIK
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