In just the last couple of weeks interest rates on US Treasuries (I watch the 2 yr. treeas, but since the yield curve is almost flat this applies to all treasuries) have risen from about 4.6 to 4.95, and they do not appear to have peaked. I have a fair amount of CDs maturing in June. I decided to continue to wait for a peak before reinvesting in CDs or treasuries.
The sudden move appears to be related to the sale of bonds by one or more large hedge funds - just guessing.
Saturday, June 2, 2007
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