Thursday, March 25, 2010

bond auction and interest rate

The auction of U.S. Bond did not go very well. Interest rate is moving up quickly. The stock market did not pay much attention to it and I think it is a mistake. When 10 year yields more than 4%, it will be very competitive against stock market. Unless Fed restarts QE, I do not see the yield come down. I wil keep most of my money in cash right now.

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