Thursday, October 1, 2009

Mini Panic Today, and "Riskless" Assets Rallied

The yield on the 30-year Treasury bond fell 11bp to 3.94%, the lowest level since April 29. The 10-year note yield dropped 3.18 percent, its lowest level since May 21. Yields on Fannie Mae’s current-coupon 30-year fixed-rate mortgage bonds tumbled 14bp to 4.09%, the lowest since May
21 as well.

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