Mind on Money

Another Benchmark Record

January 26, 2012 at 1:30 pm | Posted in wall street | 5 Comments

A cyber-bud just posted the fact that the five-year Treasury Note has traded at 0.75% yield, another record low.

Think about it.  The world capital markets are willing to give the US money for five years, and get their dollars back with a whopping 0.75% interest per year.

The real money is shouting at us that our deficits are not the issue.  Are you listening?

On another front, speculators and hedgers got a new toy today, or, more precisely, gave the unwashed masses access to one of their leveraged toys.  My inbox this morning had a short blurb from Jody Shenn at Bloomberg about a house price index opening up for public trading on the CBOE (the options market). Continue Reading Another Benchmark Record…