American assets continue to be sold aggressively. The Dollar Index is down 59 basis points to 79.94. The long bond futures are off 25/32 (the day’s low). The 10-year Treasury Note yield is up just over 5 basis points to 3.42%. And gold is up more than $5 to around $960. When will someone in government come out and say “Bernanke, you’re doing a heck of a job” I wonder?
UPDATE: Oops. There go the bond futures. Recent lows just undercut. Down 30/32 at last count.
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GMAC got 7.5 billion infusion from the goverment, but no drop in financial stocks. A year ago that would have been a big event. Crazy.