Long-term Treasury bond yields are likely to decline (and bond prices are likely to rise) as long as the market is volatile as it has been in the previous trading sessions.
An interesting trading strategy.
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George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
1 comment:
Do you believe this will happen?
From Times Online
August 19, 2008
Credit crunch may take out large US bank warns former IMF chief
Gary Duncan, Economics Editor and Leo Lewis, Asia Business Correspondent
The deepening toll from the global financial crisis could trigger the failure of a large US bank within months, a respected former chief economist of the International Monetary Fund claimed today, fuelling another battering for banking shares.
Professor Kenneth Rogoff, a leading academic economist, said there was yet worse news to come from the worldwide credit crunch and financial turmoil, particularly in the United States, and that a high-profile casualty among American banks was highly likely.
“The US is not out of the woods. I think the financial crisis is at the halfway point, perhaps. I would even go further to say the worst is to come,” Prof Rogoff said at a conference in Singapore.
In an ominous warning, he added: “We’re not just going to see mid-sized banks go under in the next few months, we’re going to see a whopper, we’re going to see a big one — one of the big investment banks or big banks,” he said.
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