he benchmark 10-year Treasury note, which bottomed at 2.39% in early October, jumped to 3.23% on Wednesday from 3.16% on Tuesday. The 30-year Treasury bond rose to 4.44% from 4.42%.
Wednesday, December 8, 2010
Bond Yields Soar!
There is high concern for expectations of improved economic growth as well as Obama's plan to extend the Bush era tax cuts. The Bush era tax cuts has the potential to intensify the start inflation and budget deficit.
WikiLeaks Incident!
A worldwide dispute about a website known as WikiLeaks. The website displays secret business information to the public. The founder (Julian Assange), however, was accused of sexual assault.
Cyber attacks also were reported against an attorney representing two Swedish women who have accused WikiLeaks founder Julian Assange of sexual assault, as well as on PostFinance, the financial arm of the Swiss postal system that closed Assange's account after accusing him of providing false information.
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