U.S. Treasuries Post Worst Performance Among Sovereign Markets
January 4th, 2010Via: Bloomberg:
Treasuries were the worst performing sovereign debt market in 2009 as the U.S. sold $2.1 trillion of notes and bonds to fund extraordinary efforts to bolster the economy and financial markets.
Investors in U.S. debt lost 3.5 percent on average through Dec. 30, according to Bank of America Merrill Lynch indexes, the biggest annual slide since at least 1978. The 10-year Treasury yield reached its highest level in six months yesterday before a Labor Department report next week forecast to show payrolls were unchanged in December after the U.S. economy lost jobs in every month since January 2008.
Posted in Economy | Top Of Page
Yeah!
This means, that we mortals have the chance to form a future crypto elite. Just teach the kids stuff that will make them more intelligent than the average and teach them to keep stuff for themselves. After a while, say, after the big (functional-)elite-lynch-mob-time, they can form a more responsible and sensible classe de bosses to rescue everything. *me dreams*, because the only ones getting proper education are religious ppl with no respect for anything thats not approved by the religion itself.