Treasury Sell Off Causes Stock Market Selloff

May 27, 2009 at 12:18 pm  ·  Category: Bonds, Market Commentary

tlt-and-spy-1-day-chart

For some reason at about 1pm EST long term treasuries started selling off causing interest rates to surge and dragging the stock market down with it.

I missed my man Rick Santelli explaining why at the close but that’s what happened today…..

Posted by Greg Feirman  ·  Trackback URL  ·  Link
 

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