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Unbelievable! The 30 year surged to 107 today. The Lehman Bond Index up 44
points! As a bond holder (not futures) I am a happy puppy although I am
mostly weighted in short-term bonds, not the 30Y T's.
But what a sight! I wonder what this means for the stock market in upcoming
days though ("flight to quality, huge selloff" he mutters under his breath).
Of course, its probably too late to get into bonds now. Prices high, yields
low.
And some of you called 107 well in advance of this move.
Spooky.
-- John
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