Thursday, Aug 15, 2013

Speculation - the end of an era?

CNBC: Stocks tumble, scared by quick interest rate spike

Stung by a rapid rise in interest rates, stocks plunged Thursday in their worst selling spree since June, raising the question of whether a long anticipated correction has begun.

Posted by dill @ 08:43 PM (1279 views)
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2 Comments

1. alan said...

"The 10-year yield jumped to 2.82 percent, its highest level in two years, after finishing Wednesday at 2.712."

Oh dear, if the US rates rise much further it will start to impact mortgage rates, won't it?

OK,....time for some more market manipulation, guys. Now, how can we fix that?

Friday, August 16, 2013 08:08AM Report Comment
 

2. dill said...

Gilts may be in trouble. Technical breaches ahead but may yet survive it.

Glad I don't have their day job.

Friday, August 16, 2013 06:45PM Report Comment
 

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