Citigroup to hold unscheduled board meeting
They are looking for a buyer or something. Maybe Wachovia can make a bid.
Treasury Yields Drop to Record Lows
Yields on two-, five- and 10-year notes and 30-year bonds dropped to the least since the Treasury began regular issuance of the securities as reports showed U.S. jobless claims surged and a drop in manufacturing.
Let me just say, if the best place to put money for the next 30 years is to lend it to the U.S. Government at 3.46% interest, we are in a world of hurt. And I do mean “world”.
I sure hope what is happening in the bond market is just some technical factor — a forced hedge fund unwind or whatever — and does not represent an “efficient” market…Â Because otherwise, we are approaching “buy canned goods and ammo” territory.
nemo?