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TOKYO, Oct 14 (Reuters) - U.S. Treasuries plummeted in Asia on Tuesday as investor demand for the safety of government debt was curbed after stock markets around the world rallied.
Analysts said longer-dated Treasuries appeared more vulnerable as the U.S. government has to rely heavily on debt to fund its rescue projects.
"The steps the U.S. government is undertaking to shore up the financial system involves a lot of spending, which will weigh the most on Treasuries of longer duration," said Nagai at Daiwa Securities SMBC.
Originally posted by toepick
Any idea what the Bond markets are going to do tomorrow since they were closed today?
How do you 'watch' the bond markets anyways...I'm kind of a noob when it comes to all this; but thanks to Relentless, KD and even Grim! (and a TON of personal reading) I think I've learned more about the economy and the markets then I ever thought possible..I like it to, might even have to think about going to school for it now, hmm..
I am also concerned about the EU saying they will insure everything now. And the US is doing the same. So what happens if more Icelands happen. And from what I'm reading they're not out of the woods yet over there.
Originally posted by mattifikation
Question, if I may.
I know things still aren't better, but... wasn't the original point supposedly that there was going to be a "financial armageddon" within 24-48 hours of... some time 5 days ago?
Forgive me if that has been asked or addressed already, but 25 pages would be a lot to catch up on at 2 in the morning.